A-LevelEconomicsThe price system and the microeconomy9708/12 · May/June 2021 · Q51 Mark
Which statement about price elasticity of supply is correct?
AIt cannot change in the short run.
BIt increases as the time period lengthens.
CIt is infinite in the momentary time period.
DIt is zero in the long run.
✓ Correct answer
B: It increases as the time period lengthens.
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