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Why Do Supply Curves Tend to Be More Elastic Over

Question 48

Multiple Choice

Why do supply curves tend to be more elastic over time?


A) Sellers have time to adjust and increase production.(True Answer ) Correct
B) Consumers have time to look for substitutes for the good.
C) Consumers have time to reduce their consumption of the good.
D) All of the answers are correct.

Correct Answer:

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