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Which of the following is a good example of a good with elastic supply in the short run?
Wiki User
∙ 12y ago
Passenger Airplanes
Wiki User
∙ 12y ago
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Which products supply could be elastic in the short run?
Handrugs
Is The supply curve more or less elastic in the long run than the short run?
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Is supply more elastic in the short run than in the long run?
Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
The long-run supply of apples is more elastic than the short-run supply of apples?
Yes, bacause on the short run you are not able to harvest more apples than you have threes. On the long term you are able to adjust the number of threes
What commodities have the most inelastic supply?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
Which products supply could be elastic in the short run?
Handrugs
Is The supply curve more or less elastic in the long run than the short run?
more
Is supply more elastic in the short run than in the long run?
Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
The long-run supply of apples is more elastic than the short-run supply of apples?
Yes, bacause on the short run you are not able to harvest more apples than you have threes. On the long term you are able to adjust the number of threes
What commodities have the most inelastic supply?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
Which of the following is an example of a short-term cue for eating?
Feeling hungry or seeing a commercial for a specific food are examples of short-term cues for eating. These cues can trigger immediate feelings of hunger or cravings for certain foods.
Is the housing industry elastic or inelastic?
It is inelastic due to houses taking a long time to build so there will be a short supply of housing. there are also no alternatives to housing. There is but that is if you want to become homeless.
What is the difference between aggregate supply in the short and long run?
In the long run (ceteris paribus), aggregate supply is perfectly inelastic, represented by a vertical line. No matter the inflation or deflation, there will be constant real product. However, in the short run, aggregate supply is much more elastic (and, according to Keynes, can become perfectly elastic (horizontal) if the economy gets into a rut). The real GDP will change because of the price level. But by definition, in the long run real variables are resistant to nominal changes, so real GDP will not be influenced by price level while in the short run it is not constant.
What commodities have the most inelastic?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
Is a firm's demand for labor curve is more elastic in the short run than in the long run?
No. It's more elastic in the long run than the short run.
What is a drastic shortage of anything?
Where something is in incredibly short supply. A good example is the '70s gas shortage.
Does elastic have a short e sound?
No. The E can have a short I, or more rarely a long E sound.
