Given That Elasticity of Supply Changes Over Time, in the Short

Multiple Choice

Given that elasticity of supply changes over time, in the short run an increase in demand will generally cause

A) the quantity exchanged to rise above its long- run equilibrium value.
B) the price to rise to a level below its long- run equilibrium value.
C) the price to rise above its long- run equilibrium value.
D) both price and quantity exchanged to rise above their long- run equilibrium values.
E) supply to change.