Essay
In the short run, the price elasticity of supply for foods low in carbohydrates is lower than it will be in the long run because:
A.in the short run, inputs are more available to produce these foods than in the long run.
B.in the short run, food producers do not have as much time to respond to changes in demand.
C.in the short run, prices tend to stay constant.
D.in the long run, the price elasticity of supply tends to be perfectly inelastic.
Correct Answer:

Verified
in the short run, fo...View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Correct Answer:
Verified
View Answer
Unlock this answer now
Get Access to more Verified Answers free of charge
Q70: Goods are _ when the cross-price elasticity
Q74: You are the manager of a supermarket,and
Q160: Jessica's income increased by 10% this year.In
Q294: Other things being equal, the price elasticity
Q295: For which of the following is the
Q296: Assume the price elasticity of demand for
Q298: When the price of pencils decreases from
Q301: Table: Price Elasticity <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB1063/.jpg" alt="Table: Price
Q302: Figure: The Demand for Shirts<br>(Figure: The Demand
Q303: Suppose the income elasticity for cross-country bus