Multiple Choice
Long-run supply is
A) more elastic than momentary supply but less elastic than short-run supply.
B) less elastic than momentary supply but more elastic than short-run supply.
C) less elastic than both momentary and short-run supply.
D) more elastic than both momentary and short-run supply.
E) equal in elasticity to short-run supply.
Correct Answer:
Verified
Correct Answer:
Verified
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