As the Time Frame Shifts from the Short Run to the Long

question 129

Multiple Choice

As the time frame shifts from the short run to the long run,what happens to producers who are subject to a binding price floor?

• A) They are increasingly willing to substitute away from producing the good,and the supply curve becomes less elastic.
• B) There are no changes,and their elasticity of supply remains unchanged.
• C) They are increasingly willing to substitute away from producing the good,and the supply curve becomes more elastic.
• D) They are less willing to substitute away from producing the good,and the supply curve becomes less elastic.
• E) They are less willing to substitute away from the good,and the supply curve becomes more elastic.

---

Definitions:

Finality Of Death

The irreversible and permanent cessation of life, marking the end of an individual's existence in the physical world.

Death Fears

Anxiety or dread related to the process of dying or the state of being dead.

Salient

Something that is most noticeable or important; prominently standing out.

Fearful

Feeling afraid or anxious; the emotion experienced in anticipation of some specific pain or danger.