Consider the following products: kitchen blenders fibre optic cable neurosurgery oil tankers sour cream doughnuts rental apartments
Question:
Consider the following products:
- kitchen blenders
- fibre optic cable
- neurosurgery
- oil tankers
- sour cream doughnuts
- rental apartments
a. Which of these would have the greatest supply elasticity in the short run? Why?
b. Which would have the least supply elasticity in the short run? Why?
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