Multiple Choice
Recall the Application about the short-run and long-run elasticity of supply of coffee to answer the following question(s) .
-Recall the Application. In the long run, the supply curve for coffee is ________ and the elasticity of supply is ________ than in the short run.
A) steeper; larger
B) steeper; smaller
C) flatter; larger
D) flatter; smaller
Correct Answer:

Verified
Correct Answer:
Verified
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