If a large percentage increase in the price of a good results in a small percentage increase in the quantity supplied of the good, supply is said to be
a. horizontal.
b. relatively inelastic.
c. relatively elastic.
d. income proof.
B
Economics
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Corporate bonds differ from corporate stock in that
a. only bondholders vote on the board of directors b. only bondholders can sit on the board of directors c. bonds carry a stated rate of interest d. bonds are issued as common and preferred e. bondholders are considered the owners of the business
Economics
Quantity demanded of normal good X. The coefficient of cross elasticity of demand is:
A. negative and therefore these goods are substitutes. B. negative and therefore these goods are complements. C. positive and therefore these goods are substitutes. D. positive and therefore these goods are complements.
Economics