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-In Exhibit C-7, Curve S2 Is Not as Responsive to Changes

Question 29

Multiple Choice

-In Exhibit C-7, curve S<sub>2</sub> is not as responsive to changes in price as curve S<sub>3</sub> because S<sub>2</sub>is a A) long-run supply curve, and output cannot be changed B) market-day supply curve, and output cannot be changed C) short-run supply curve, and price cannot be changed D) short-run supply curve, and output cannot be changed E) short-run supply curve, and not all inputs can be changed
-In Exhibit C-7, curve S2 is not as responsive to changes in price as curve S3 because S2is a


A) long-run supply curve, and output cannot be changed
B) market-day supply curve, and output cannot be changed
C) short-run supply curve, and price cannot be changed
D) short-run supply curve, and output cannot be changed
E) short-run supply curve, and not all inputs can be changed

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