Changes in technology over time will result in
A) a more inelastic supply curve.
B) a more elastic supply curve.
C) a unitary elastic supply curve.
D) no change in the elasticity of supply.
Answer: B
Economics
You might also like to view...
The effect of an export tariff on a large country is to ________ the terms of trade
A) always improve B) sometimes improve C) leave unchanged D) sometimes worsen E) always worsen
Economics
Using open market operations to create or reduce deposits has two advantages over other tools. Those advantages are
a. secrecy and security b. precision and effectiveness c. secrecy and effectiveness d. security and precision e. precision and secrecy
Economics