The ability of firms to enter and exit a market overtime means that, in the long run, Select one from the following options. the supply curve is more elastic. the demand curve is less elastic. the demand curve is more elastic. the supply curve is less elastic.
The ability of firms to enter and exit a market overtime means that, in the long run, Select one from the following options. the supply curve is more elastic. the demand curve is less elastic. the demand curve is more elastic. the supply curve is less elastic.
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 22SQ
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![The ability of firms to enter and exit a market overtime means that, in the long run,
Select one from the following options.
the supply curve is more elastic.
the demand curve is less elastic.
the demand curve is more elastic.
the supply curve is less elastic.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Feeb54b90-3a49-4160-8490-27ed10ade38a%2F510013a2-cd35-445f-9767-e8339a46c52d%2Fpvejk2i_processed.png&w=3840&q=75)
Transcribed Image Text:The ability of firms to enter and exit a market overtime means that, in the long run,
Select one from the following options.
the supply curve is more elastic.
the demand curve is less elastic.
the demand curve is more elastic.
the supply curve is less elastic.
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