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    Microeconomics Study Set 4
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    Exam 5: Elasticity: Demand and Supply
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    If Firms Have to Change Their Production Techniques in Order
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If Firms Have to Change Their Production Techniques in Order

Question 84

Question 84

True/False

If firms have to change their production techniques in order to change the quantities they supply,they can respond less in a year to a price change than they could in a month.

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