If a 1 percent increase in price leads to a .7 percent increase in quantity supplied in the short run, the short-run supply curve is

a. elastic.
b. inelastic.
c. unit elastic.
d. perfectly inelastic.

b

Economics

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"Crowding out" investment in supply side economics refers to a situation in which groups of investors compete with each other, thereby driving up interest rates

Indicate whether the statement is true or false

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Monetary policy has no ________.

A. implementation lag B. legislative lag C. multiplier lag D. recognition lag

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