During the first few weeks of the COVID-19 pandemic in March 2020, the demand for baking flour increased sharply as millions of people isolated in their homes. The price of flour skyrocketed, but within a few months the price had returned to normal levels. Part 2 What does this event tell you about the supply elasticity of flour? (Select all that apply.) A. Assuming demand for baking flour remained high for many months after March 2020, the long-run (a few months) supply elasticity of flour is much less elastic than the short-run (a few days or weeks) supply elasticity of flour. B. Supply elasticity of flour is very elastic over any period of time. C. Assuming demand for baking flour remained high for many months after March 2020, the long-run (a few months) supply elasticity of flour is much more elastic than the short-run (a few days or weeks) supply elasticity of flour. D. Supply elasticity of flour is very inelastic over any period of time. E. If demand for flour fell back to normal levels within a few months, then this information would not tell much about the supply elasticity of flour