Principles of Microeconomics
7th Edition
ISBN:9781305156050
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter5: Elastic And Its Application
Section5.2: The Elasticity Of Supply
Problem 2QQ: Define the price elasticity of supply. Explain why the price elasticity of supply might be...
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Breifly explain....
![Question:
The price elasticity of supply tends to become more
elastic in the long run.
a. True.
b. False.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F696c4907-7c25-4365-9706-490dcd9ad786%2F804fca16-403a-403f-924d-018f0dfbdd44%2Fudw9l6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Question:
The price elasticity of supply tends to become more
elastic in the long run.
a. True.
b. False.
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