Suppliers would be less eager to organize to restrict output if they faced a:
A) less elastic demand.
B) more elastic demand.
C) perfectly inelastic demand.
D) unit-elastic demand curve.

Question

Quizplus · Accepted Answer

Suppliers would be less eager to restrict output if they faced a more elastic demand because consumers would be more sensitive to price changes, leading to a significant drop in quantity demanded if prices were raised.

Suppliers Would Be Less Eager to Organize to Restrict Output