Because of Aging Requirements It Takes Many Years to Make

question 188

Multiple Choice

Because of aging requirements it takes many years to make good Scotch. If a technology were invented that made it possible to create good Scotch literally overnight, how would the short-run supply of good Scotch change?

• A) It would become more elastic.
• B) It would become less elastic.
• C) Its elasticity would remain the same.
• D) It is impossible to say anything about the change.

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