Over time,the supply of a particular good or service tends to
A)become more elastic.
B)become less elastic.
C)stay about the same.

Name: Over time,the supply of a particular good or service tends to A)become more elastic. B)become less elastic. C)stay about the same.
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Question

Quizplus · Accepted Answer

Over time, the supply of a particular good or service tends to become more elastic because producers have more time to adjust their production processes, resources, and capacities in response to changes in market demand.

Over Time,the Supply of a Particular Good or Service Tends