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question which of the following are most likely to have nearly perfectl…

Question

question which of the following are most likely to have nearly perfectly elastic supply curves? select all that apply: bread products goods with a limited supply of inputs diamonds goods with easily expanded production

Explanation:

Brief Explanations

Perfectly elastic supply curves mean that producers can supply an infinite quantity at a given price. Goods with easily expanded production can increase their quantity supplied rapidly in response to price changes, approaching perfect - elasticity. Bread products have some competition and can expand production to an extent. Goods with limited input supply and diamonds have restricted supply and are inelastic.

Answer:

bread products, goods with easily expanded production