Which of the Following Statements Best Describes the Relationship Between

Multiple Choice

Which of the following statements best describes the relationship between short-run supply elasticity and long-run supply elasticity?

A) For many products, long-run supply is likely to be more price elastic than short-run supply.
B) For products that can be recycled, long-run supply is likely to be more price elastic than short-run supply.
C) For many products, long-run supply is likely to be less price elastic than short-run supply.
D) Both a) and b) are generally true, but c) is generally false.