Short-run supply is
A)more elastic than momentary supply but less elastic than long-run supply.
B)less elastic than momentary supply but more elastic than long-run supply.
C)less elastic than both momentary and long-run supply.
D)more elastic than both momentary and long-run supply.
E)as elastic as either the momentary or the long-run supply.

Question

Quizplus · Accepted Answer

In the short run, firms can adjust some but not all inputs, making supply more elastic than in the momentary period where no adjustments can be made, but less elastic than in the long run where all inputs can be adjusted.

Short-Run Supply Is