In the Mid-1980s,the Salaries of Accounting Professors with Ph

question 84

Multiple Choice

In the mid-1980s,the salaries of accounting professors with Ph.D.s increased dramatically.This resulted in an increase in enrollments in Ph.D.accounting programs.Since a Ph.D.degree in accounting may take at least four years to complete,the short-run elasticity of supply of accounting professors is

• A) greater than the long-run-elasticity of supply.
• B) less than the long-run elasticity of supply.
• C) equal to the long-run elasticity of supply.
• D) equal to the short-run elasticity of demand.

---

Definitions:

Delayed Absorption

Refers to a slower rate of a drug or nutrient entering the bloodstream after administration or consumption, potentially due to formulation, bodily functions, or interactions.

Muscular Tissue

A type of body tissue made up of fibers that contract to produce movement.

Catarrhal Stage

Inflammation of the mucous membranes.

Whooping Cough

A highly contagious respiratory tract infection characterized by severe coughing fits and a distinctive "whooping" sound when inhaling.