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  3. Study Set
    Principles of Economics Study Set 8
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    Supply and Demand Both Tend to Be More Elastic in the Long
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Supply and Demand Both Tend to Be More Elastic in the Long

Question 2

Question 2

True/False

Supply and demand both tend to be more elastic in the long run and more inelastic in the short run.

Correct Answer:

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