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:

Brand Awareness

The extent to which consumers are familiar with the distinctive qualities or image of a particular brand of goods or services.

Apparel Company

A business entity that designs, manufactures, or sells clothing and accessories.

Pull Marketing

Marketing efforts designed to cultivate customer desires and expectations so the customer will demand more product, effectively pulling the product through the production and distribution process

Product Excitement

The enthusiasm and interest generated among consumers for a new or improved product, often through marketing and promotional activities.