It a product requires a unique input, price elasticity of supply will berelative to the price elasticity of supply of a product that does not require a unique input. Icss clastic in the short run, but morc clastic in the long run more elastic in both the short run and in the long run less elastic In both the short run and In the long run more elastic in the short runand less elastic in the long run
It a product requires a unique input, price elasticity of supply will berelative to the price elasticity of supply of a product that does not require a unique input. Icss clastic in the short run, but morc clastic in the long run more elastic in both the short run and in the long run less elastic In both the short run and In the long run more elastic in the short runand less elastic in the long run
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter5: Elasticity
Section: Chapter Questions
Problem 2SCQ: From the data in Table 5.6 about supply of alarm clocks, calculate the price elasticity of supply...
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help some I'm not sure on this hw question
![It a product requires a unique input, price elasticity of supply will berelative to the price
elasticity of supply of a product that does not require a unique input.
Icss clastic in the short run, but morc clastic in the long run
more elastic in both the short run and in the long run
less elastic In both the short run and In the long run
more elastic in the short runand less elastic in the long run](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F63e34a02-5253-4e89-8c4d-911b67e25ab6%2Faca0eaac-b15a-4923-8847-4ad353666637%2Fv3dy6d.png&w=3840&q=75)
Transcribed Image Text:It a product requires a unique input, price elasticity of supply will berelative to the price
elasticity of supply of a product that does not require a unique input.
Icss clastic in the short run, but morc clastic in the long run
more elastic in both the short run and in the long run
less elastic In both the short run and In the long run
more elastic in the short runand less elastic in the long run
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