How Do Producers Who Are Subject to a Binding Price

question 124

Multiple Choice

How do producers who are subject to a binding price ceiling respond as the time frame shifts from the short run to the long run?

• A) Producers are increasingly willing to substitute away from producing the good,and their elasticity of supply becomes less elastic.
• B) There are no changes,and elasticity of supply remains unchanged.
• C) Producers are increasingly willing to substitute away from producing the good,and their elasticity of supply becomes more elastic.
• D) Producers are less willing to substitute away from producing the good,and their elasticity of supply becomes less elastic.
• E) Producers are less willing to substitute away from the good,and their elasticity of supply becomes more elastic.

---

Definitions:

Golgi Stains

A silver staining technique that allows for the visualization of individual neurons and their dendritic structures, crucial for understanding neural connectivity and structure.

Nissl Stains

A staining technique used to highlight neuron cell bodies by staining the clusters of ribosomes and rough endoplasmic reticulum, aiding in the study of cytoarchitecture in the nervous system.

Dendrites

The branched extensions of a neuron that receive signals from other neurons and transmit them towards the cell body.

Electroencephalograph

A device used to record the electrical activity of the brain through electrodes placed on the scalp.