11875
AssignmentMultiple Dropdowns

Elasticity and Incentives

Question 11875 • FL-2102340-Economics with Financial Literacy (Teacher Directed)

Bond's Gym is not able to expand quickly. It would take a long time and lots of money to hire more workers, buy equipment, and find a bigger building.

Answer
Based on the graph and the information above, memberships at Bond's Gym are an supply.:

inelastic

The owner at Bond's Gym increase the supply of memberships easily and quickly.:

cannot

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