6. Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for pears. Place the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line either on W and R or on W and M.). PRICE (Dollars per pound) 9 40 2 A 6. W Short-Run Supply A 10 QUANTITY (Thousands of pounds of pears) 12 Long-Run Supply Saus & Continue
6. Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for pears. Place the orange line (square symbol) on the graph to show the most likely long-run supply curve for pears. (Note: Place the points of the line either on W and R or on W and M.). PRICE (Dollars per pound) 9 40 2 A 6. W Short-Run Supply A 10 QUANTITY (Thousands of pounds of pears) 12 Long-Run Supply Saus & Continue
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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