Goods that can be produced at a constant or very gently rising opportunity cost have
A) an elastic demand.
B) an inelastic demand.
C) an inelastic supply.
D) an elastic supply.
E) a unit elastic demand.
D
Economics
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After trade opens, the short run impact on the income of the variable factor will be
A) a decrease. B) an increase. C) zero. D) indeterminate, depending on the consumption pattern of the owners of the variable factor.
Economics
On average, people in low-income countries ________ than people in high-income countries
A) have a longer life expectancy B) are subject to a lower infant mortality rate C) are shorter D) are exposed to fewer severe diseases
Economics