Microeconomics
Microeconomics
11th Edition
ISBN: 9781260507140
Author: David C. Colander
Publisher: McGraw Hill Education
Question
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Chapter 6, Problem 1QAP

(a)

To determine

The long-run and short-run elasticity.

(b)

To determine

Determine the meaning of elasticity, when an individual do not know about those lengths.

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