+3 votes
in Class 12 by kratos

Write your comment of the statement in a sentence or two:

In the long **, elasticity of supply tends to be lower than in the short **.

1 Answer

+3 votes
by kratos
 
Best answer

No. Longer the time **, greater will be the elasticity of supply. Because, over a long ** of time, more and more factors are easily available and their input can be changed to increase (or decrease) output of the commodity.

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