The long-run supply curve for a product differs from the short-run supply curve in that the long-run supply curve is usually

A) vertical.
B) more inelastic.
C) more elastic.
D) of unitary elasticity.

Long-run Supply Curve

A graphical representation showing the relationship between price and quantity supplied over a period long enough for all inputs to be adjusted.

Short-run Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of that good that producers are willing to supply in the short run.

Elasticity

A measure of how responsive the demand or supply of a product or service is to changes in price or other factors.