As prices change, the elasticity of supply describes the movement

A) of a shift in the supply curve.
B) of the equilibrium price.
C) along the supply curve.
D) from a necessity to a luxury good.

C

Economics

You might also like to view...

Economic efficiency is indicated by

A) P = AVC. B) MR = MC. C) P = MR. D) P = MC.

View
Economics

One way fiscal policy affects aggregate demand is:

A. indirectly through government spending. B. directly through tariffs. C. directly through taxation. D. indirectly through taxation.

View
Economics