Robert's Furniture produces high-quality wooden bedroom sets that take approximately 4 months to make, from start to finish. The price elasticity of supply for these bedroom sets in the short term is:

Question

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The fact that it takes 4 months to make the bedroom sets implies that it is not possible to quickly adjust production in response to changes in demand. Thus, the supply is relatively inelastic in the short term.

Robert's Furniture Produces High-Quality Wooden Bedroom Sets That Take Approximately