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In the Market for Farm Crops Momentary Supply Is ________

Question 177

Multiple Choice

In the market for farm crops momentary supply is ________. In the market for farm crops, short-run supply is ________.


A) less elastic than short-run supply; less elastic than long-run supply
B) more elastic than short-run supply; more elastic than long-run supply
C) negative; positive
D) positive; negative
E) perfectly elastic; perfectly inelastic

Correct Answer:

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