Which of the Following Explains Why Supply Is More Elastic

question 309

Multiple Choice

Which of the following explains why supply is more elastic as more time passes?

• A) It is difficult or impossible to increase the quantity produced in a short period of time.
• B) Consumers have more time to search for substitutes.
• C) Sellers try to take advantage of a high price in the short term.
• D) The supply curve becomes generally steeper as more time passes.
• E) There is no explanation for this phenomenon.

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Definitions:

ACT

Acceptance and Commitment Therapy, a type of psychotherapy that encourages individuals to accept their thoughts and feelings rather than fight or feel guilty for them.

Fighting Feelings

The act of opposing or struggling with one's own emotions, often due to perceptions of them being unacceptable or because they conflict with personal values or societal expectations.

Counterconditioning

A behavioral therapy technique that involves replacing an undesired response to a stimulus with a desired response.

ACT Techniques

Refers to Acceptance and Commitment Therapy strategies, which involve accepting one’s emotional experiences and committing to action based on values and goals.