This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Which of the following explains why supply is more elastic as more time passes? (Read 79 times)

kodithompson

  • Hero Member
  • *****
  • Posts: 566
on: May 24, 2019
Which of the following explains why supply is more elastic as more time passes?
◦ It is difficult or impossible to increase the quantity produced in a short period of time.
◦ Consumers have more time to search for substitutes.
◦ Sellers try to take advantage of a high price in the short term.
◦ The supply curve becomes generally steeper as more time passes.
◦ There is no explanation for this phenomenon.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by kodithompson on May 24, 2019

marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #1 on: May 24, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 39% of students answer this correctly


kodithompson

  • Hero Member
  • *****
  • Posts: 566
Reply #2 on: May 24, 2019
TY


marict

  • Sr. Member
  • ****
  • Posts: 304
Reply #3 on: May 24, 2019
You're welcome


« previous next »
 

Did you know?

Barbituric acid, the base material of barbiturates, was first synthesized in 1863 by Adolph von Bayer. His company later went on to synthesize aspirin for the first time, and Bayer aspirin is still a popular brand today.

Did you know?

The first documented use of surgical anesthesia in the United States was in Connecticut in 1844.

Did you know?

More than 2,500 barbiturates have been synthesized. At the height of their popularity, about 50 were marketed for human use.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Adults in late middle adulthood frequently look forward to spending more time with their partner Adults in late middle adulthood frequently look forward to spending more time with their partner
Milankovitch cycles interact over time Milankovitch cycles interact over time
Testing the arterial supply to the lower extremities Testing the arterial supply to the lower extremities
Disitive Time For Nuts Disitive Time For Nuts
Mirror recognition and self-naming develop at almost exactly the same time Mirror recognition and self-naming develop at almost exactly the same time
Elastic/inelastic #5 Elastic/inelastic #5
Video: Corpus Callosum Animation

For a complete list of videos, visit our video library