A kid wants to open a lemonade stand in their neighborhood. They would have elastic supply because O Lemonade takes a long time to produce O They can only produce one product O The product has to be sold from their house O They have flexible inputs
A kid wants to open a lemonade stand in their neighborhood. They would have elastic supply because O Lemonade takes a long time to produce O They can only produce one product O The product has to be sold from their house O They have flexible inputs
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![A kid wants to open a lemonade stand in their neighborhood. They would have elastic supply
because
O Lemonade takes a long time to produce
O They can only produce one product
O The product has to be sold from their house
They have flexible inputs](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4bbd39da-fde0-43d2-9b83-68ca85b0e547%2Faafba532-22db-4819-a842-bf6c71c87581%2Fn2mmw5c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A kid wants to open a lemonade stand in their neighborhood. They would have elastic supply
because
O Lemonade takes a long time to produce
O They can only produce one product
O The product has to be sold from their house
They have flexible inputs
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