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    Principles of Microeconomics Study Set 11
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    Exam 5: Elasticity
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    The Longer the Time Period Considered, the More the Elasticity
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The Longer the Time Period Considered, the More the Elasticity

Question 33

Question 33

Multiple Choice

The longer the time period considered, the more the elasticity of supply tends to:


A) decrease
B) remain constant
C) increase
D) converge to zero

Correct Answer:

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