Which of the following would cause the supply of bread to become more elastic? The ability to easily reallocate inputs to production of bread B A short time frame for making production decisions A C E Increased prices of inputs required to produce bread More elastic demand for bread DO Greater availability of substitutes for bread

Microeconomics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506893
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter7: Consumer Choice And Elasticity
Section: Chapter Questions
Problem 12CQ: Jills Sausage Dog Stand projects the following demand for Jills sausage dogs: a. Calculate the price...
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Which of the following would cause the supply of bread to become more elastic?
The ability to easily reallocate inputs to
production of bread
B
A short time frame for making
production decisions
A
C
E
Increased prices of inputs required to
produce bread
More elastic demand for bread
DO
Greater availability of substitutes for
bread
Transcribed Image Text:Which of the following would cause the supply of bread to become more elastic? The ability to easily reallocate inputs to production of bread B A short time frame for making production decisions A C E Increased prices of inputs required to produce bread More elastic demand for bread DO Greater availability of substitutes for bread
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