When some resources used in production are only available in limited quantities, it is likely that the long-run supply curve in a competitive market is

A) downward sloping.
B) upward sloping.
C) horizontal.
D) vertical.

Long-Run Supply Curve

A graphical representation showing the relationship between price and the quantity supplied over time, when all inputs can be adjusted.

Competitive Market

A market structure characterized by many buyers and sellers, resulting in competition that influences prices and product offerings.

Limited Quantities

Refers to the restricted availability of goods or resources, which can affect pricing, demand, and supply conditions.