Author Question: When we say supply curves become more elastic over time, we mean A) the quantity supplied becomes ... (Read 47 times)

Mollykgkg · **on:** Jun 29, 2018

When we say supply curves become more elastic over time, we mean

A) the quantity supplied becomes independent of demand.
B) any price change has a larger affect on quantity supplied.
C) the supply curve becomes steeper.
D) the supply curve shifts upward.

Question 2

In the figure above, the United States ________ airplanes per year.

A) imports 500
B) exports 500
C) exports 400
D) imports 400
E) exports 200