The longer the period of time allowed for the producer of a good to adjust to a change in the price of the good, the the price elasticity of supply will be. This statement assumes that the quantity supplied be altered with time.

More elastic; Can

Explanation:

  Elasticity is one of the type of measurement technique in which we measure the economical variable change and when the curve shows more elastic then the changes in the price is directly reflecting in the quality of the products and the services consumption.

 According to the given question, on the basis of the given situation the supply of the quality can be alter with the specific duration. In the more elastic nature the customer can change the behavior and exchange on the another products.  

 Therefore, The answer is correct.

a manufacturer of printed circuit boards uses exponential smoothing with trend to forecast monthly demand of its product. at the end of december, the company wishes to forecast sales for january. the estimate of trend through november has been 200 additional boards sold per month. average sales have been around 1000 units per month. the demand for december was 1100 units. the company uses α = 0.20 and β = 0.10. make a forecast including trend for the month of january.