Multiple Choice
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 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
Correct Answer:
Verified
Q86: Suppose the income of canned pinto bean
Q87: There are several close substitutes for Bayer
Q87: The percent change in quantity demanded of
Q88: Use the following to answer questions:<br>Figure: The
Q90: Use the following to answer questions:<br>Figure: The
Q93: The price elasticity of a good will
Q94: Use the following to answer questions:<br>Figure: The
Q95: All else equal, when the demand for
Q119: A demand curve that is perfectly inelastic
Q174: If the demand for golf is price-inelastic