Explain why for many goods, the long-run price elasticity of supply is larger than the short-run elasticity.

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Microeconomics

ISBN: 978-0132857123

8th edition

Authors: Robert Pindyck, Daniel Rubinfeld

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Question Posted: Dec 22, 2015 02:13 AM

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Explain why for many goods, the long-run price elasticity of supply is larger than the short-run elasticity.

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The price elasticity of supply is the percentage change in the quantity su...View the full answer

Microeconomics

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