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A good is considered when producers can quickly supply more or less of it based on changing prices. A good is considered Ay when producers cannot quickly change how much of it is supplied when prices change.
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14 votes
14 votes
A good is considered when producers can quickly supply more or less of it based on changing prices.

A good is considered Ay when producers cannot quickly change how much of it is supplied when prices
change.

User Tmutton
by
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1 Answer

16 votes
16 votes

Answer:

1) elastic

2) in elastic

Step-by-step explanation:

User Marek Kondracki
by
2.7k points
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