Why is industry supply more elastic in the long run than in the short run, and more

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Why is industry supply more elastic in the long run than in the short run, and more elastic in the short run than in the market period?

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Economics

ISBN: 9780078021800

11th Edition

Authors: Stephen Slavin

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Question Posted: Nov 26, 2015 01:52 AM

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Why is industry supply more elastic in the long run than in the short run, and more

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In the market period output is fixed so the seller cannot raise or lo...View the full answer

Economics

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