supply is likely to be constrainedby the biological production process, regulations, and capacity constraints. Inthis article …-price supply responsiveness in the short run. In the longrun, this changes substantially as supply becomes elastic. This result can …

Dynamic supply and demand equations for particleboard using a three-stage squares simulation (3SLS) were estimated … 0.05%. In the supply function, variables such as the price of medium density fiberboard (MDF), demand for particleboard …