The long-run supply curve for a product differs from the short-run supply curve in that the long-run supply curve is usually
A) vertical.
B) more inelastic.
C) more elastic.
D) of unitary elasticity.

Question

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and enter or exit the market, making the supply curve more elastic compared to the short run where some inputs are fixed.

The Long-Run Supply Curve for a Product Differs from the Short-Run