supply and demand pretest economics / module 2: supply and demand 7. in the short run, producers can be more…

supply and demand pretest economics / module 2: supply and demand 7. in the short run, producers can be more flexible and therefore, price elasticity of supply is more elastic. true false

supply and demand pretest economics / module 2: supply and demand 7. in the short run, producers can be more flexible and therefore, price elasticity of supply is more elastic. true false

Answer

Brief Explanations:

In the short - run, producers have limited flexibility. It takes time to adjust production levels, hire more workers, or invest in new equipment. So, price elasticity of supply is inelastic in the short - run.

Answer:

False