In the short run, the supply curve that a producer faces
is perfectly elastic because the producer can adjust all factor inputs and resulting quantity in response to market conditions
is perfectly inelastic because the producer cannot adjust any factor inputs or resulting quantity in response to market conditions
is more elastic than in the immediate period because the producer can adjust all factor inputs and resulting quantity in response to market conditions
is more elastic than in the immediate period because the producer can adjust some, but not all, factor inputs and resulting quantity in response to market conditions
is more elastic than in the long run because the producer can adjust some, but not all, factor inputs and resulting quantity in response to market conditions