Question
Which of these products or services is likely to have an inelastic supply in the short run?
A. cargo ships
B. haircuts
C. newspapers
D. staples
I chose D and got it wrong so would it be C instead?
A. cargo ships
B. haircuts
C. newspapers
D. staples
I chose D and got it wrong so would it be C instead?
Answers
Savour de last bullet
This is a shift or change in supply in econmics is quite different from change in the quantity supplied.