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

---

Definitions:

Lonely

Experiencing a sad, emotional state due to a lack of connection, companionship, or social interaction with others.

Alone

The state of being separate from others; solitude, which can be chosen or imposed and can have various psychological effects.

High Need for Privacy

A strong preference for keeping personal information, thoughts, and spaces private and secluded from others.

Maslow

Refers to Abraham Maslow, a psychologist best known for creating Maslow's hierarchy of needs, which are ranked according to their impact on human motivation.