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.

---

Definitions:

Edward Said

A Palestinian-American literary theorist and critic, best known for his work on orientalism and post-colonial theory.

Discourse Analysis

A methodological approach that studies how language is used in texts and context to construct meaning and social reality.

Orient

To align or position something relative to points of a compass or other specified positions; in a broader sense, to determine one's position or context in relation to something.

Colonialism

The tactic or practice of obtaining total or partial political authority over another country, settling it with inhabitants, and economically benefiting from it.