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In the Market for Farm Crops,momentary Supply Is ________ and Short-Run

Question 95

Multiple Choice

In the market for farm crops,momentary supply is ________ and short-run supply is ________.


A) less elastic than short-run supply;less elastic than long-run supply
B) more elastic than short-run supply;more elastic than long-run supply
C) perfectly elastic;unit elastic
D) unit elastic;perfectly elastic
E) perfectly elastic;perfectly inelastic

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