The ability of firms to enter and extt a market overtime means that. in the long run.a. the demand curve is more elastic.h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .c. the supply curve is more elastic.d. the supply curve is tess elastic.

The ability of firms to enter and extt a market overtime means that. in the long run.a. the demand curve is more elastic.h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .c. the supply curve is more elastic.d. the supply curve is tess elastic.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

The ability of firms to enter and extt a market over
time means that. in the long run.
a. the demand curve is more elastic.
h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .
c. the supply curve is more elastic.
d. the supply curve is tess elastic.

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