The demand for air travel between two cities doubles. the elasticity of the supply of air travel between these cities will _______.
a. not change over time
b. become more elastic, the longer the time since demand doubled
c. become less elastic, the longer the time since demand doubled
d. adjusts to become equal to the price elasticity of demand over time

Question

08-06-2018
Business

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The demand for air travel between two cities doubles. the elasticity of the supply of air travel between these cities will _______.
a. not change over time
b. become more elastic, the longer the time since demand doubled
c. become less elastic, the longer the time since demand doubled
d. adjusts to become equal to the price elasticity of demand over time

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MrsTriplet MrsTriplet · Answer 1 · 2018-06-30T19:05:29+02:00

The demand for air travel between two cities doubles. The elasticity of the supply of air travel between these cities will become more elastic, the longer the time since demand doubled. Elasticity is the responsiveness between supply or demand when nothing changes but the price. In this situation, the demand for air travel between two citifies doubled, so, the traveling is elastic because even though the demand rose, so did the price, but the demand didn't start to drop.