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:

Verified
Correct Answer:
Verified
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