The price elasticity of today's supply curve of classrooms on campus is likely to
A)be greater than 1
B)be less than 1
C)be equal to 1
D)approach zero
E)be infinity

Name: The price elasticity of today's supply curve of classrooms on campus is likely to A)be greater than 1 B)be less than 1 C)be equal to 1 D)approach zero E)be infinity
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Question

Quizplus · Accepted Answer

The supply of classrooms on campus is relatively fixed in the short term, making it inelastic and approaching zero elasticity.

The Price Elasticity of Today's Supply Curve of Classrooms on Campus