Score High in JAMB With EduPadi CBT App

Practice JAMB CBT, get instant results, and understand solutions in-depth with smart AI insights.

Learn more…

Question on: SS1 Economics - Elasticity of Supply

What happens to the elasticity of supply when a producer has more time to adjust to changes in price?

View related lesson
A

It becomes more inelastic.

 

B

It becomes more elastic.

C

It stays the same.

D

It depends on the type of good being produced.

Ask EduPadi AI for a detailed answer
Correct Option: B

Add your answer

Notice: Please post responsibly.

Please share this, thanks!

No responses