The elasticity of supply does NOT depend on
A) resource substitution possibilities.
B) the fraction of income spent on the product.
C) the time elapsed since the price change.
D) none of the above because all of the factors listed affect the elasticity of supply.
B
Economics
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Under the pollution rights approach, polluters have little or no incentive to develop improved pollution abatement technologies
a. True b. False Indicate whether the statement is true or false
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Studies have shown that in the 1980s the wage gap between college-educated workers and those with high school education or less
a. decreased dramatically. b. decreased slightly. c. remained unchanged. d. widened dramatically.
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