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Author Question: Which of the following explains why supply is more elastic as more time passes? (Read 65 times)

kodithompson

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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
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Marked as best answer by kodithompson on May 24, 2019

marict

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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.
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kodithompson

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Reply #2 on: May 24, 2019
TY


marict

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Reply #3 on: May 24, 2019
You're welcome


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