As Producers Have More Time to Adjust to a Price

question 117

Multiple Choice

As producers have more time to adjust to a price change, price elasticity of supply

• A)increases
• B)decreases
• C)remains the same
• D)rises and then falls
• E)falls and then rises

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Definitions:

Abolitionist Movement

A historical campaign aimed at ending slavery and the slave trade in the United States and elsewhere.

Antislavery Cause

The movement dedicated to ending the practice of slavery and advocating for the freedom of enslaved individuals.

Feminist Movement

A social and political movement striving for equal rights and opportunities for women in various aspects of society.

Public Speaking

The act of performing a speech to a live audience, aiming to inform, persuade, or entertain.