In Economics, the Short Run Is the Time Frame in Which

Multiple Choice

In economics, the short run is the time frame in which the quantities of _______ and the long run is the period of time in which _______.

A) some factors of production are variable; the quantities of all factors of production are fixed
B) all factors of production are fixed; the quantities of all factors of production can be varied
C) all factors of production are variable but technology is fixed; technology is variable
D) some factors of production are fixed; the quantities of all factors of production can be varied