Inputs whose quantity of supply is fixed and does not respond to price increases are said to be

A) elastic in supply.
B) inelastic in supply.
C) elastic in demand.
D) perfectly competitive.

B

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A type of advantage that a global company possesses by virtue of the fact that it has experience in more than one country is referred to as:

A) Leverage. B) Transferability. C) Flexibility. D) Capability. E) Accountability.

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Learned and shared patterns in a group or society is referred to as _____

A) culture B) ego C) ethnocentrism D) respect E) stereotypes

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