It takes a considerable amount of time to increase theproduction of pork. This i

Question

It takes a considerable amount of time to increase theproduction of pork. This implies that: a. a change in the demand for pork will not affect it price inthe short run. b. the short run supply curve for pork is less elastic thanthe long run supply curve for pork c. an increase in the demand for pork will elicit a largersupply response in the short run than in the long run. d. the long run supply curve for pork is less elastic than theshort run supply for pork It takes a considerable amount of time to increase theproduction of pork. This implies that: a. a change in the demand for pork will not affect it price inthe short run. b. the short run supply curve for pork is less elastic thanthe long run supply curve for pork c. an increase in the demand for pork will elicit a largersupply response in the short run than in the long run. d. the long run supply curve for pork is less elastic than theshort run supply for pork

Explanation / Answer

the short run supply curve for pork is less elastic than the long run supply curve for pork

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