The inputs used to produce cupcakes (e.g., flour, sugar, butter, and labor) are also used to produce cookies, cakes, muffins, pies and many other goods. This suggests that:

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The inputs used to produce cupcakes (e.g., flour, sugar, butter, and labor) are also used to produce cookies, cakes, muffins, pies and many other goods. This suggests that:

A.the elasticity of supply of cupcakes is relatively high.

B.cupcakes are a normal good.

C.the elasticity of supply of cupcakes is relatively low.

D.the supply curve for cupcakes is downward sloping.

正确答案:the elasticity of supply of cupcakes is relatively high.

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