Which of the following would tend to make the market supply of a good price inelastic?


Which of the following would tend to make the market supply of a good price inelastic?
A . There are few barriers to entry into the industry.
B . Many firms in the industry have unused production capacity.
C . Most firms in the industry have high stock levels of finished goods.
D . Newly employed workers in the industry require high levels of initial training.

Answer: D

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