California is the sole producer of almonds in the United States. Suppose the price for a pound of almonds has increased during the past year. It is also predicted that almond prices will remain high. Over time, we predict that the
A) elasticity of supply will increase.
B) elasticity of supply will decrease.
C) elasticity of supply will remain constant.
D) elasticity of supply will increase and then decrease.
A
Economics
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Which combination of assets represents the most diversification?
A) holding corporate and Treasury bonds B) holding shares of Google and Yahoo C) holding shares of Google and Microsoft D) holding shares of Google along with Treasury bonds
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Which of the following is the correct way to compute the future value of $X that earns r percent interest for N years?
a. $X(1 + rN)N b. $X(1 + r)N c. $X(1 + rN) d. $X(1 + r/N)N
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