Why will one expect that the longer the time suppliers have to adjust to a permanent increase in demand, the more the quantity supplied will change and the less the price will change? Why will it often mean that sudden increases in demand will result in sharp price increases, followed by them going back down?

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The Answer of Why will one expect that the longer the time suppliers have to adjust to a permanent increase in demand, the more the quantity supplied will change and the less the price will change? Why will it often mean that sudden increases in demand will result in sharp price increases, followed by them going back down?

Why Will One Expect That the Longer the Time Suppliers