The Elasticity of Supply for Some Product Will Tend to Be

Multiple Choice

The elasticity of supply for some product will tend to be larger

A) the higher is the elasticity of demand for the product.
B) the less time firms have to adjust to price changes.
C) the easier it is for firms to shift from the production of this product to another.
D) the lower is the elasticity of demand for the product.
E) the harder it is for firms to shift from the production of this product to another.