As time passes after a change in the price, the supply of a good or service
A) becomes more elastic.
B) becomes less elastic.
C) initially becomes more elastic and then becomes less elastic.
D) initially becomes less elastic and then becomes more elastic.
A
Economics
You might also like to view...
Suppose the annual growth rate of GDP in Nepal is 5 percent. In 35 years, GDP in Nepal will double
A) 1.75 times. B) 2.5 times. C) 7 times. D) 24.5 times.
Economics
The main source of government funding is
A) user fees. B) taxes. C) borrowing. D) transfer payments.
Economics
Under communism, _____________ owns and operates most of the means of production and distribution.
Fill in the blank(s) with the appropriate word(s).
Economics
What is the human resource problem in DVC?
What will be an ideal response?
Economics