Why Do Supply Curves Tend to Be More Elastic Over

question 39

Multiple Choice

Why do supply curves tend to be more elastic over time?

• A)Sellers have time to adjust and increase production.(True Answer )Correct
• B)Consumers have time to look for substitutes for the good.
• C)Consumers have time to reduce their consumption of the good.
• D)All of the answers are correct.

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Definitions:

Psychodynamic View

A psychological perspective that focuses on unconscious processes and childhood experiences in shaping behavior and personality.

Primary Gain

In psychoanalytic theory, the direct internal benefits derived from manifesting a psychological symptom, such as relief from anxiety or conflict.

Cognitive-Behavioral

Relating to a therapeutic approach that addresses dysfunctional emotions, behaviors, and cognitions through a goal-oriented, systematic procedure.

Psychodynamic

A psychological perspective that emphasizes unconscious psychological processes (for example, wishes and fears of which we're not fully aware) and contends that childhood experiences are crucial in shaping adult personality.