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Price Elasticity of Supply and Price Elasticity of Demand Are

Question 28

Multiple Choice

Price elasticity of supply and price elasticity of demand are likely to be __________ in the __________ than in the __________.

A) higher; short run; long run
B) lower; long run; short run
C) higher; long run; short run
D) lower; past; future
E) higher; past; future

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