the short-run price elasticity of supply because time to adjust to changes in the price. 106. In the long run, the price elasticity of supply is producers have (A) Greater than; more (B) Greater than; less (C) Smaller than; more (D) Equal to; the same amount (E) Smaller than; less

the short-run price elasticity of supply because time to adjust to changes in the price. 106. In the long run, the price elasticity of supply is producers have (A) Greater than; more (B) Greater than; less (C) Smaller than; more (D) Equal to; the same amount (E) Smaller than; less

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

106. In the long run, the price elasticity of supply is
producers have
the short-run price elasticity of supply because
time to adjust to changes in the price.
(A) Greater than; more
(B) Greater than; less
(C) Smaller than; more
(D) Equal to; the same amount
(E) Smaller than; less

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