It takes a considerable amount of time to increase the production of pork. This implies that
A. the short-run supply curve for pork is relatively less elastic than the long-run supply curve for pork.
B. the long-run supply curve for pork is relatively less elastic than the short-run supply curve for pork.
C. a change in the demand for pork will not affect its price in the short run.
D. an increase in the demand for pork will elicit a larger supply response in the short run than in the long run.
Answer: A
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