Over a Longer Time Period After a Price Change, the Price

question 197

True/False

Over a longer time period after a price change, the price elasticity of supply tends to decrease.

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Definitions:

Zika Virus

A virus transmitted primarily by Aedes mosquitoes, known to cause birth defects and neurological problems.

Transmission

The act of transferring something from one place, person, or thing to another, including diseases, information, or physical power.

Gonorrhea

A sexually transmitted infection caused by the bacterium Neisseria gonorrhoeae, characterized by genital discharge, pain during urination, and in women, possible pelvic pain.

Watery Discharge

A liquid secretion from the body, particularly from the vagina or eyes, which is thin and clear.