Multiple Choice
The price elasticity of supply is __________ elastic over time because ___________.
A) less; producers get accustomed to the price changes
B) less; the ideal number of firms have time to move into or out of the industry
C) more; producers have a longer time to adjust their production decisions
D) more; producers get accustomed to the price changes
Correct Answer:
Verified
Correct Answer:
Verified
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