a. As the supply curve becomes flatter, the price elasticity of supply ___ (increases/decreases). b. The short-run elasticity of supply of coffee is than the long-run elasticity because...

a. As the supply curve becomes flatter, the price elasticity of supply _________ (increases/decreases).

b. The short-run elasticity of supply of coffee is ______ than the long-run elasticity because in the short run, ______. (Related to Application 5 on page 107.)

May 26, 2022