Usually, price elasticities of supply are
A) positive, because higher prices yield larger quantities supplied.
B) considered short-run adjustments due to supply constraints.
C) ordinarily a negative number based on the law of supply.
D) an inverse relationship between price and quantity supplied.

Question

Quizplus · Accepted Answer

Price elasticities of supply are typically positive because, according to the law of supply, as prices increase, producers are willing to supply more of a good, leading to a direct relationship between price and quantity supplied.

Usually, Price Elasticities of Supply Are