Short-run supply is
A)more elastic than momentary supply but less elastic than long-run supply.
B)less elastic than momentary supply but more elastic than long-run supply.
C)less elastic than both momentary and long-run supply.
D)more elastic than both momentary and long-run supply.
E)as elastic as either momentary or long-run supply.

Question

Quizplus · Accepted Answer

Short-run supply is more elastic than momentary supply because producers need time to adjust their production levels, but it is less elastic than long-run supply, where producers have more time and flexibility to adjust all inputs.

Short-Run Supply Is