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
Economics