The amount of time producers and buyers have to adjust to price changes will do what to price elasticity of supply and demand? Price elasticity of supply will be ______________ when suppliers have more time to adjust. Price elasticity of demand will be ______________ when buyers have more time to adjust. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a greater; smaller b greater; greater c smaller; smaller d

The amount of time producers and buyers have to adjust to price changes will do what to price elasticity of supply and demand? Price elasticity of supply will be when suppliers have more time to adjust. Price elasticity of demand will be when buyers have more time to adjust. Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a greater; smaller b greater; greater c smaller; smaller d

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter5: Buying The Necessities

Section: Chapter Questions

Problem 20AA

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T/F There is a direct relationship between the price of a product and it's supply.