Elasticity of Supply Time Frame for Supply Decision
{"Image DocumentName": "Elasticity of Supply Time Frame for Supply Decision", "Image ImageDescription": "The more time that passes after a price change, the greater is the elasticity of supply. Momentary supply is perfectly inelastic. The quantity supplied immediately following a price change is constant. Short-run supply is somewhat elastic. Long-run supply is the most elastic. Table 4.3 (page 97) provides a glossary of the all elasticity measures.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}