The Price Elasticity of Supply Is __________ Elastic Over Time

question 88

Multiple Choice

The price elasticity of supply is __________ elastic over time because ___________.

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

---

Definitions:

Stacked Bar Chart

A graphical representation of data where different values are stacked on top of each other in bars, showing the total and individual components.

Total Number

The aggregate count of items or entities in a set or group.

Numerical Tables

Structured displays of data organized in rows and columns, often used to present statistical information.

Units

Individual components or segments that can function independently or as part of a larger structure or organization.