Which of the following is the most important determinant of the elasticity of supply?
a. The number of uses for the product
b. The number of close substitutes to the product available to consumers.
c. The amount of time producers have to adjust their behavior in response to a price change.
d. The percentage of their incomes consumers spend on the product.
c
Economics
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If a firm wants to finance a new project, it can obtain financing by
A) using its retained earnings. B) issuing and selling new shares of stock. C) selling corporate bonds to the public. D) all of the above.
Economics
The set of assets that a holder of wealth chooses to own is called
A) an asset assortment. B) a wealth strategy. C) a portfolio. D) an investment envelope.
Economics