Question

In the long term, the elasticity of supply is affected most by
A. time.
B. resources.
C. labor.
D. capital.

Answer 1

B

Answer 2

thanks

Answer 3

As prices rise, producers will increase production of a product because
A. they are required to by law.
B. they want to decrease the volume of sales.
C. they want to obtain higher profits.
D. they are spending less money on resources.
wwhat about this one