What tends to happen to the elasticity of supply as the time period considered grows longer?
A) It remains constant.
B) It decreases.
C) It converges to zero.
D) It increases.

Name: What tends to happen to the elasticity of supply as the time period considered grows longer? A) It remains constant. B) It decreases. C) It converges to zero. D) It increases.
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Question

Quizplus · Accepted Answer

Over a longer time period, producers have more time to adjust their production levels in response to price changes, making the supply more elastic.

What Tends to Happen to the Elasticity of Supply as the Time