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

question 91

Multiple Choice

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 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.

---

Definitions:

Ileum

The final and longest segment of the small intestine, where the absorption of vitamins, electrolytes, and other nutrients is completed.

Cecum

The first part of the large intestine, connected to the ileum and ascending colon, playing a role in the digestive process.

Pyloric Sphincter

A muscular valve regulating the flow of partially digested food from the stomach to the small intestine.

Ileocecal Sphincter

A valve situated at the junction of the ileum (last part of the small intestine) and the cecum (first part of the large intestine) that controls the flow of digested material.