Why do supply curves tend to be more elastic over time?
A) Sellers have time to adjust and increase production.
B) Consumers have time to look for substitutes for the good.
C) Consumers have time to reduce their consumption of the good.
D) All of the answers are correct.
Correct Answer:
Verified
Q128: Figure: Price Elasticity of Supply 
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A) downward
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Figure: Elasticity
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