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  3. Study Set
    Economic Principles
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    Exam 4: Elasticity
  5. Question
    Generally, the More Time That Businesses Have to Adjust, the Greater
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Generally, the More Time That Businesses Have to Adjust, the Greater

Question 66

Question 66

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Generally, the more time that businesses have to adjust, the greater the elasticity of supply. Why?

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In the very short run or the immediate f...

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