In the Short Run, the Price Elasticity of Supply for Foods

question 299

Essay

In the short run, the price elasticity of supply for foods low in carbohydrates is lower than it will be in the long run because:
A.in the short run, inputs are more available to produce these foods than in the long run.
B.in the short run, food producers do not have as much time to respond to changes in demand.
C.in the short run, prices tend to stay constant.
D.in the long run, the price elasticity of supply tends to be perfectly inelastic.

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Definitions:

Ions

Atoms or molecules that have gained or lost one or more of their electrons, resulting in a net electric charge.

Plasticity

The capacity of the brain to change and adapt in response to experience, learning, or injury.

Brain

The complex organ located in the skull of vertebrates that is the center of the nervous system, responsible for controlling thought, memory, emotion, touch, motor skills, vision, breathing, temperature, hunger, and every process that regulates our body.

Adapt

To make suitable adjustments to new conditions or environments.