Question

es of Microeconomics Courses / FIC 202001 ECON1034_DUSK / Midterm 2 Week (March 23 - 27) / Midterm The supply curve for a good will be more elasticit Select one: O a. production inputs are readily available at a relatively low cost. O b. spending on the good accounts for a large share of a consumer's income loc. there is very little time for producers to respond to a price change! o d the good is a luxury item Next page Quiz Friday March 27 80 Jump to.. • Ch 12 Assignment ANSWERS