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The longer the period of time allowed for the producer of a good to adjust to a change in the price of the good, the ____________ the price elasticity of supply will be. This statement assumes that the quantity supplied __________ be altered with time.

User Dexity
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1 Answer

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Answer: More elastic; Can

Step-by-step explanation:

Elasticity is one of the type of measurement technique in which we measure the economical variable change and when the curve shows more elastic then the changes in the price is directly reflecting in the quality of the products and the services consumption.

According to the given question, on the basis of the given situation the supply of the quality can be alter with the specific duration. In the more elastic nature the customer can change the behavior and exchange on the another products.

Therefore, The answer is correct.

User Jlos
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