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Recall the Application About the Short-Run and Long-Run Elasticity of Supply

Question 172

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:

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