Long-run supply is
A)more elastic than momentary supply but less elastic than short-run supply.
B)less elastic than momentary supply but more elastic than short-run supply.
C)less elastic than both momentary and short-run supply.
D)more elastic than both momentary and short-run supply.
E)none of the above.

Question

Quizplus · Accepted Answer

In the long run, firms can adjust all inputs and enter or exit the market, making supply more elastic compared to the momentary and short-run supply, where adjustments are more limited.

Long-Run Supply Is