Social Studies, 03.03.2020 05:47 tatyanaknight122

Which statement is likely to be associated with inelastic supply? Consumers are willing to pay any price for the good. The inputs necessary for production cannot readily be increased. The good is necessary for survival (e. g., a life-saving drug). The time period under consideration is very long.

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Which statement is likely to be associated with inelastic supply? Consumers are willing to pay any p...