Supply will become more elastic when

A. there are good substitutes for the goods.
B. a time period lengthens.
C. the good is important to consumers.
D. the time period shortens.


Answer: B

Economics

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Discuss the rationales for foreign financing of investment in developing actions and explain how developing countries benefit from international capital investment

What will be an ideal response?

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In the above figure, the opportunity cost of moving from producing 75 guitars and 25 ukuleles to producing 25 guitars and 75 ukuleles is

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When using a logarithmic scale to plot output per capita over time, an upward-sloping curve that becomes increasingly steep indicates

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Economics