The supply of 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

The supply of cars (or any good) becomes more elastic over a longer time interval because producers have more time to adjust their production processes, source alternative inputs, and respond to changes in demand.

The Supply of Cars Will Be More Elastic the