If some resources used in the production of a good are only available in limited quantities, then the long run market supply curve will be perfectly elastic.

Question

Quizplus · Accepted Answer

In the long run, if some resources used in the production of a good are only available in limited quantities, it can lead to increasing costs as production expands, making the long run market supply curve upward sloping rather than perfectly elastic.

If Some Resources Used in the Production of a Good