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7 Jan 2018
25) A vertical supply curve A) implies an elasticity of supply equal to infinity. B) indicates that suppliers are unwilling to produce the good. C) implies an elasticity of supply equal to zero. D) is impossible except in the long run. E) indicates a shortage of the good.
25) A vertical supply curve A) implies an elasticity of supply equal to infinity. B) indicates that suppliers are unwilling to produce the good. C) implies an elasticity of supply equal to zero. D) is impossible except in the long run. E) indicates a shortage of the good.
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