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The supply of a good is more price elastic, A . . the higher the cost of production B . . the more elastic the
The supply of a good is more price elastic,
A. the higher the cost of production
B. the more elastic the demand for that good
C. the fewer alternatives there are to producing the good in question
D. the more broadly the market for the good is defined
E. the longer the time horizon over which it is measured
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Macroeconomics Principles Applications And Tools
Authors: Arthur O Sullivan, Steven M. Sheffrin, Stephen J. Perez
7th Edition
978-0134089034, 9780134062754, 134089030, 134062752, 978-0132555234
