Supply curves tend to be more _____ the more time producers have to adjust to price changes.
A) price-inelastic
B) price-elastic
C) steeply sloped
D) inflexible

Name: Supply curves tend to be more _____ the more time producers have to adjust to price changes. A) price-inelastic B) price-elastic C) steeply sloped D) inflexible
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Question

Quizplus · Accepted Answer

Supply curves tend to be more price-elastic over time because producers have more time to adjust their production levels in response to price changes.

Supply Curves Tend to Be More _____ the More Time