Problemas
The supply curve is likely to be __ for many products that can be made quickly without huge amounts of copitar or skilled labor. Elastic Unit Elastic Inelastic
Roztwór
Gabriel
maestro · Tutor durante 5 años
4
(246 Votos)
Respuesta
'Elastic'
Explicación
## Step 1The supply curve in economics represents the relationship between the price of a good and the quantity of that good that producers are willing to supply. ## Step 2When a product can be made quickly without a large amount of capital or skilled labor, it means that the production of this product is not heavily dependent on specific resources or skilled labor. ## Step 3In such a scenario, producers can easily increase or decrease the production of the product in response to changes in price. This makes the supply curve for such products "Elastic". ## Step 4An elastic supply curve indicates that the quantity supplied is highly responsive to changes in price. ## Step 5On the other hand, an inelastic supply curve would indicate that the quantity supplied is not very responsive to changes in price, and a unit elastic supply curve would indicate that the percentage change in quantity supplied is equal to the percentage change in price. ## Step 6Given the conditions mentioned in the question, the most appropriate choice is "Elastic".