Answered: Supply tends to be more elastic in the…

Supply tends to be more elastic in the short-run, and less elastic in the long-run. Group of answer choices A. True B. False

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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21. Supply tends to be more elastic in the short-run, and less elastic in the long-run.

Group of answer choices

A. True

B. False

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