Solved

The Expansion of Capital That Can Occur in the Long-Run

Question 50

Multiple Choice

The expansion of capital that can occur in the long-run but not,by definition,in the short-run,means that the long-run supply is


A) perfectly horizontal while the short-run supply curve is upward sloping.
B) sloping downwards while the short-run supply curve is upward sloping.
C) less elastic than the short-run supply curve.
D) more elastic than the short-run supply curve.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions