The supply curve for cars will be more elastic the:
A) greater the quantity demanded.
B) longer the time interval considered.
C) greater the decline in input prices.
D) less able producers are to make other goods.

Question

Quizplus · Accepted Answer

When the time interval considered is longer, producers have more time to adjust their production processes and make changes in response to changes in input prices, leading to a more elastic supply curve for cars.

The Supply Curve for Cars Will Be More Elastic The