For inputs in inelastic supply, such as land or superstar talent,
A. input prices are explained by output prices.
B. the price paid for the input is not proportional to its productivity.
C. there is no supply response to higher prices.
D. all of the above are true.

Question

18-06-2024
Business

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For inputs in inelastic supply, such as land or superstar talent,
A. input prices are explained by output prices.
B. the price paid for the input is not proportional to its productivity.
C. there is no supply response to higher prices.
D. all of the above are true.

Sagot :

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