The long-run elasticity of supply in most industries is than the short-run elasticity because in the long run, .

more elastic; resources and firms can enter the industry

Explanation:

The long-run elasticity of supply in most industries is more elastic than the short-run elasticity because in the long run because resources and firms can enter the industry.

It should be noted that in the long run, supply is more elastic due to the fact that all production factors are tailored in a way that the supply for a particular product will be increased while it's labor that can be increased for short run.

cognitive overload: having a lot on your mind impairs decision-making and tends to result in the simplest, but not necessarily best, option being selected.

empathy gaps: overlooking how you might feel in a different situation can result in unnecessary purchases, such as overbuying when shopping for food on an empty stomach.

optimism and overconfidence: wearing rose-tinted glasses and having unrealistic expectations about the future can affect money management and leave you unprepared for a change in circumstance.

instant gratification: seeking instant gratification drives impulsive spending and can undermine long-term planning and savings.

harmful habits: automatic or mindless behaviour can amplify a poor financial decision as it becomes a recurring event.

social norms: we are heavily influenced by the actions of others; while this can be in certain circumstances, it also contributes to the pressure to keep up with the joneses through conspicuous consumption.

answer: tell me how

explanation: