Answered: The Kenyan flower industry sprang up…

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The Kenyan flower industry sprang up primarily because of increases in the price of oil. Select one: O True O False

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 27CTQ: Can you think of an industry (or product) with near infinite elasticity of supply in the short term?...

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The Kenyan flower industry sprang up primarily because of increases in the price of oil.
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O True
O False

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