The supply of veterinarians tends to be inelastic in the short run because of the years of training required for new entrants.

Question

Quizplus · Accepted Answer

The supply of veterinarians is inelastic in the short run due to the extensive period of education and training required to enter the profession, making it difficult to quickly adjust the number of practicing veterinarians in response to changes in demand.

The Supply of Veterinarians Tends to Be Inelastic in the Short