Coal is required to make steel. Hence, the price elasticity of demand for coal by steel manufacturers will be
A) unit elastic.
B) inelastic.
C) elastic.
D) perfectly elastic.
B
Economics
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An inframarginal positive externality _____
a. requires subsidization to reach an optimal level of output b. requires regulation to reach an optimal level of output c. requires corrective taxation to reach an optimal level of output d. requires no action because the optimal level of output has been reached
Economics
Which of the following can be a barrier to an LDC's economic growth and development?
a. Low population growth. b. A low level of human capital. c. Faster capital accumulation. d. More infrastructure.
Economics