Answered: Supply curves tend to be more ______…

Supply curves tend to be more ______ the greater the time period facing the producer. A) Price -in elastic B) price- elastic C) steeply sloped D) infkexi

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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Question

Supply curves tend to be more ______ the greater the time period facing the producer.

A) Price -in elastic

B) price- elastic

C) steeply sloped

D) infkexi

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