Aluminum cannot be produced without bauxite. Hence, the price elasticity of demand for bauxite by aluminum manufacturers will be
A) perfectly elastic.
B) elastic.
C) inelastic.
D) unitary elastic.
C
Economics
You might also like to view...
Corporate governance involves the way in which
A) the government licenses corporations. B) a corporation is structured. C) the government nationalizes corporations. D) a corporation is subject to government regulations.
Economics
Economic growth shifts a society's production possibility frontier away from the origin.
Answer the following statement true (T) or false (F)
Economics