Final answer:
The elasticity of supply typically increases over time as producers have more opportunity to adjust their production levels in response to price changes. Option a is correct answer.
Step-by-step explanation:
When analyzing the elasticity of supply in Physics, it appears that the statement contains a typo; it should likely reference Economics, since elasticity of supply is an economic concept rather than a physical one. The elasticity of supply describes how the quantity supplied by producers responds to a change in price.
In the context of elasticity of supply, the longer the time period considered, there is a tendency for elasticity to increase. Over time, firms have more opportunity to adjust their production levels in response to price changes. For example, firms might invest in new equipment, enter or exit the market, or find new suppliers.
An inelastic supply means that the response of quantity supplied to a price change is relatively small. Conversely, with infinite elasticity or perfect elasticity, the quantity supplied changes by an infinite amount for any change in price, meaning producers are willing to supply any amount at a given price. The latter scenario is highly theoretical and not found in real-world markets. In reality, over a longer time period, producers are typically able to adjust and thus, the supply tends to become more elastic, not infinitely so but more responsive than in the short term.
Therefore, given the information and proper economic context, the correct answer is: a) Elasticity to increase. As time progresses, producers can adapt their production processes, potentially leading to a greater change in quantity supplied for a given price change. This can be due to factors such as technological advancements or the ability to change production capacity or resources.