The supply of coal at Yanzhou Coal Mining is
A)inelastic but not perfectly inelastic.
B)unit elastic.
C)elastic but not perfectly elastic.
D)perfectly inelastic.
E)perfectly elastic.

Question

Quizplus · Accepted Answer

The supply of coal at Yanzhou Coal Mining is likely to be elastic but not perfectly elastic, as there may be some constraints on increasing or decreasing production immediately, but the company can still adjust its output in response to changes in demand or price.

The Supply of Coal at Yanzhou Coal Mining Is