The price elasticity of supply
a. will be positive when supply is elastic and negative when it is inelastic.
b. will be negative when supply is elastic and positive when it is inelastic.
c. will always be positive.
d. will be positive when demand for the good is inelastic.
e. will be positive when demand for the good is elastic.
C
Economics
You might also like to view...
A firm's production function is the relationship between the factors of production and the resulting outputs of the production process
Indicate whether the statement is true or false
Economics
U.S. government purchases of gold are officially carried out by the
A) New York Federal Reserve Bank. B) Federal Open Market Committee. C) Federal Deposit Insurance Corporation. D) U.S. Treasury.
Economics