Why does supply tend to be more elastic in the long run than in the short run?

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Exploring Economics

ISBN: 9781544336329

8th Edition

Authors: Robert L. Sexton

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Question Posted: Jan 16, 2023 12:16 AM

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Why does supply tend to be more elastic in the long run than in the short run?

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Just as the cost of buyers changing their behavior is lower the longer the...View the full answer

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