The supply curve for cars will be more elastic the:
A. greater the decline in input prices.
B. greater the quantity demanded.
C. longer the time interval considered.
D. less able producers are to make other goods.
Answer: C
You might also like to view...
What type of business is the easiest to set up?
A) corporation B) sole proprietorship C) partnership D) There is no difference in the ease of establishment.
Imports are not included in GDP because they do not reflect output produced within the domestic economy
a. True b. False Indicate whether the statement is true or false
The figure above shows that the lowest wage rate for which someone is willing to work is
A) $3 an hour. B) $5 an hour. C) $6 an hour. D) $7 an hour. E) $4 an hour.
Which part of the Foreign Corrupt Practice Act (FCPA) requires companies to keep books and record that accurately and fairly reflect the transactions of the corporation?
A) Part II B) Part VI C) Part I D) Part III