The Price Elasticity of Supply Becomes ________ Elastic Over Time

question 158

Multiple Choice

The price elasticity of supply becomes ________ elastic over time because _________.

• A) less; producers grow accustomed to the price changes
• B) less; firms have time to move into or out of the industry
• C) more; producers have more time to adjust their production decisions
• D) more; producers grow accustomed to the price changes

---

Definitions:

Tactfully Ask

The skill of posing questions in a considerate and non-offensive manner.

Stress Interview

A type of job interview designed to put the applicant under severe pressure to assess their response and problem-solving capabilities.

Pointed Questions

Specifically targeted questions aimed at eliciting precise information or addressing particular issues.