When the price of cable modems decreased from $100 to $85, the number of cable modems produced fell from 1,000 per week to 850 per week. Using this information, we know the supply of cable modems is
A) elastic.
B) inelastic.
C) unit elastic.
D) perfectly inelastic.
C
Economics
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Which seller is "selling short"?
A) Colleges that require the entire term's tuition prior to the first day of class B) A magazine that sells you a two-year subscription C) A major league baseball team that sells you a season ticket D) They are all selling short. E) None is selling short because all are reducing their risks.
Economics
Which of the following is the most likely explanation of Japan's very low market interest rates in the early 2000s?
A) expected deflation B) an increasing budget deficit C) an increasing trade surplus D) an increase in corporate profits
Economics