Final answer:
The supply of cars for this week is likely to be more price-inelastic than the supply of cars for this year.
Step-by-step explanation:
Price elasticity of supply measures the responsiveness of the quantity supplied to a change in price. The more inelastic the supply, the smaller the percentage change in quantity supplied compared to the percentage change in price.
In this case, the supply of cars for this week is likely to be more price-inelastic than the supply of cars for this year. This means that the quantity supplied of cars for this week is likely to change less in response to a change in price compared to the quantity supplied of cars for this year.
For example, if the price of cars increases by 10%, the quantity supplied in a week may only increase by 2%. However, if the price of cars increases by the same 10% in a year, the quantity supplied may increase by a larger percentage, say 5%. Therefore, the statement is true.