Final answer:
The long-run elasticity of supply is higher than the short-run elasticity of supply because producers take time to adjust production in response to changes in prices.
Step-by-step explanation:
Elasticity of supply is usually higher in the long run compared to the short run because it takes time for producers to adjust production in response to a change in prices.
In the short run, producers have limited flexibility to increase or decrease production quickly. For example, if the price of a raw material used in production increases, it may take time for producers to find alternative suppliers or adjust their production processes.
However, in the long run, producers have more time to make adjustments. They can invest in new machinery or technology, find new suppliers, or even expand their production facilities to meet changes in demand or prices.