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Which Answer Ranks the Elasticities of Supply from Highest to Lowest

Question 18

Multiple Choice

Which answer ranks the elasticities of supply from highest to lowest?


A) market-day, short-run, long-run
B) short-run, long-run, market-day
C) long-run, short-run, market-day
D) short-run, market-day, long-run
E) long-run, market-day, short-run

Correct Answer:

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