menu-iconExamlexExamLexServices

Discover

Ask a Question
  1. All Topics
  2. Topic
    Business
  3. Study Set
    Modern Principles Microeconomics
  4. Exam
    Exam 5: Elasticity and Its Applications
  5. Question
    Unlike Demand, Supply Is Less Elastic in the Long Run
Solved

Unlike Demand, Supply Is Less Elastic in the Long Run

Question 128

Question 128

True/False

Unlike demand, supply is less elastic in the long run.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q123: The supply of ancient Egyptian papyrus manuscripts

Q124: If Major League Baseball ticket prices rise

Q125: The elasticity of demand measures how responsive

Q126: Over time, the demand for most goods

Q127: Gun buyback programs will be less effective

Q129: If the demand for heroin is inelastic

Q130: The elasticity of demand measures how responsive

Q131: Assume a product has an inelastic demand.

Q132: Much of the world's supply of palm

Q133: When the supply curve in the Sudanese

Examlex

ExamLex

About UsContact UsPerks CenterHomeschoolingTest Prep

Work With Us

Campus RepresentativeInfluencers

Links

FaqPricingChrome Extension

Download The App

Get App StoreGet Google Play

Policies

Privacy PolicyTerms of ServiceHonor CodeCommunity Guidelines

Scan To Download

qr-code

Copyright © (2025) ExamLex LLC.

Privacy PolicyTerms Of ServiceHonor CodeCommunity Guidelines