Economics (AS & A Level) · May / June 2024 · Paper 13 · Question 6
9708Price elasticity of supply
Which business is likely to be the slowest to alter its output in response to a sustained increase in demand for its product?
- Aa fast-food restaurant
- Ba household cleaning service
- Ca newspaper printer
- Dan oil exploration company
As printed in the paper
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Correct answer: D. an oil exploration company
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