Solved

Economists Distinguish Between the Short Run and the Long Run

Question 131

Multiple Choice

Economists distinguish between the short run and the long run by noting that:


A) no inputs can be varied in the long run.
B) some inputs cannot be varied in the short run.
C) input prices are subject to fluctuations in the short run.
D) output prices are subject to fluctuations in the long run.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q126: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the

Q127: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the

Q128: The income elasticity of demand for jewelry

Q129: If a union argues that a price

Q130: The price elasticity of demand for a

Q132: If the price elasticity of demand for

Q133: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the

Q134: Generally,which pairs of variables could be positively

Q135: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4893/.jpg" alt=" Refer to the

Q136: Which is not characteristic of a product