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Which of the Following Is True About the Short-Run and Long-Run

Question 105

Multiple Choice

Which of the following is true about the short-run and long-run supply curves?


A) The long-run supply curve is steeper than the short-run supply curve.
B) The long-run supply curve is vertical while the short-run supply curve is flatter.
C) The long-run supply curve is horizontal while the short-run supply curve is vertical.
D) The long-run supply curve is less steep than the short-run supply curve.
E) The long-run and short-run supply curves have the same slope.

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