All of the following would cause the supply curve to be more elastic EXCEPT:
A) production of the good requires only a small share of the market for inputs.
B) the good is primarily for local supply.
C) the good is a manufactured good.
D) there is potential difficulty to increasing the production of the good at constant unit cost.

Question

Quizplus · Accepted Answer

If there is potential difficulty in increasing production at a constant unit cost, the supply curve would be less elastic, as producers cannot easily adjust the quantity supplied in response to price changes.

All of the Following Would Cause the Supply Curve to Be