The more _____ the supply, ______.
Fill in the blank(s) with the appropriate word(s).
Inelastic ; the larger is the amount paid by sellers
Economics
You might also like to view...
If the AVC is $12, the AFC is $4, the AR is $20, and output is 6,000 units, the total profit is
a. $72,000. b. $48,000. c. $24,000. d. negative $96,000.
Economics
Which of the following changes would lead, according to the Solow model, to a higher level of long-run output per worker?
A. A lower level of capital per worker B. A rise in the rate of population growth C. A decrease in productivity D. An increase in the saving rate
Economics