All of the Following Would Cause the Supply Curve to Be

question 84

Multiple Choice

All of the following would cause the supply curve to be more elastic EXCEPT:

• A) production of the good requires only a small share of the market for inputs.
• B) the good is primarily for local supply.
• C) the good is a manufactured good.
• D) there is potential difficulty to increasing the production of the good at constant unit cost.

---

Definitions:

Conservative Decisions

Decision-making approaches that prioritize risk-aversion and stability, often favoring traditional methods over innovative solutions.

More Information

A request or requirement for additional data or details to enhance understanding or decision-making.

Conservative Decisions

Decision-making approaches that tend to be cautious and to favor current conditions or minimize risk.

Framing Bias

A cognitive bias where people decide on options based on if the choices are presented with positive or negative connotations.