Final answer:
In the short run, an increase in production corresponds to more inelastic supply. The elasticity of supply is less than one, denoting low responsiveness to price changes in the short term.
Step-by-step explanation:
In the short run, an increase in production is reflected in more inelastic supply. This is because, in the short term, firms have limited capacity to adjust their production levels in response to price changes. Inelastic supply is characterized by a situation where a 1 percent increase in price paid to the firm results in a less than 1 percent increase in production, indicating a low responsiveness of the firm to price changes.
As a result, the supply is considered inelastic if the elasticity of supply is less than one. In the long run, however, firms have more time to adjust their production capacity, and therefore supply tends to be more elastic.