The long-run supply curve for a product differs from the short-run supply curve in that the long-run supply curve is usually
a. vertical.
b. more inelastic.
c. more elastic.
d. of unitary elasticity.
C
Economics
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Which region in the New World received the smallest share of slaves?
a. Brazil b. Colonial America c. Spanish America d. French Caribbean
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Under school voucher systems, financial support goes to
A. to the school. B. to the state. C. to the city. D. to the family.
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In a recession, GDP:
a) Grows negatively b) Grows slowly c) Grows by 0% d) Grows rapidly
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Some competitive firms are willing to operate at a loss in the short run because their revenues are at least able to cover their variable costs
a. True b. False Indicate whether the statement is true or false
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