Asked by jeffrey caldarona on Jun 04, 2024

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Over time,the supply of a particular good or service tends to

A) become more elastic.
B) become less elastic.
C) stay about the same.

Becomes More Elastic

Describes a situation where a product or service's demand or supply becomes more sensitive to changes in price.

Supply

The total amount of a product or service available for purchase at any given time, influencing pricing and market equilibrium.

  • Examine the impact of market conditions on elasticity.
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ZK
Zybrea KnightJun 05, 2024
Final Answer :
A
Explanation :
Over time, the supply of a particular good or service tends to become more elastic because producers have more time to adjust their production processes, resources, and capacities in response to changes in market demand.