buckner8731 buckner8731
  • 18-09-2017
  • Business
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For most automobile manufacturers, what happens to the elasticity of supply over time?

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Erudite1
Erudite1 Erudite1
  • 27-09-2017
For most automobile manufacturers, the elasticity of supply over time REMAINS THE SAME.
Automobile manufacturing takes time, it may take an automobile company several months to years before it can switch from constructing one type of car to another type. Such a company will have relatively inelastic supply in the long run compared to other products whose production process can be easily changed.
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