Supply is most elastic in ______. a) the market period b) the short run c) the long
Question:
Supply is most elastic in ______.
a) the market period
b) the short run
c) the long run
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
The correct answer is c the long run Explanation In the long run firms have more time to adjust t...View the full answer
Answered By
Ankur Gupta
I have a degree in finance from a well-renowned university and I have been working in the financial industry for over 10 years now. I have a lot of experience in financial management, and I have been teaching financial management courses at the university level for the past 5 years. I am extremely passionate about helping students learn and understand financial management, and I firmly believe that I have the necessary skills and knowledge to effectively tutor students in this subject.
4.80+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
To begin with, lets disregard the COVID-19 pandemic and its aftermath on the global economy. Prior to the pandemic, the majority of global economic disruptions over the past decades have been caused...
-
Governments often interfere in markets by placing restrictions on the price that firms can charge. One common example of this is so-called anti-price gauging laws that restrict profits for firms when...
-
1. In the classical model, it is thought that the long-run: A. and short-run aggregate supply curves are both upward sloping. B. aggregate supply curve is vertical and the short-run aggregate supply...
-
Plot the six risks on a probability/impact matrix using the project impact matrix 2023 template. Write one to two sentences stating the rationale for how you determined the quadrant placement for...
-
Refer to the financial statements for Twisted Company in Problem 12-88A. Twisted Company Consolidated Income Statement s (In thousands) Twisted Company Consolidated Balance Sheets (In thousands)...
-
Give the meaning of each metric prefix in Problems 11-16. hecto
-
Redesign the fractionator of Example 6.8 using a random packing. The column is to be packed with 50-mm metal Pall rings. Determine the diameter of the tower, the height of packing in the stripping...
-
Fred and George have been in partnership for many years. The partners, who share profits and losses on a 60:40 basis, respectively, wish to retire and have agreed to liquidate the business....
-
1-2. Draw graphs of the following functions using transformations: 1. y = 2x-1 x-2' 2. y log2x+1|- 3.
-
Which statement is the most accurate ? a) The demand for gasoline is very elastic. b) The demand for home heating oil is very inelastic. c) The seller of a perishable commodity has a relatively...
-
The imposition of a tax _________. a) raises both supply and demand b) lowers neither supply nor demand c) lowers only supply d) lowers only demand
-
Plot the given curves in polar coordinates. r = 1 3cos
-
How has family law in relation to separation evolved in response to changing values in the community?
-
1. Define family law and list at least five ways in which it has evolved since the 1970s. 2. Identify a minimum of three ways in which technology is influencing the practice of family law. 3....
-
Explain the Family law in Canada and the area it governs. Mention the issues that might seem like it falls under the family law but instead falls under provincial law instead. Elaborate as to why it...
-
Identify the impact that Family Law has on business Relate aspects of personal and family law with the obligations and contracts of a business.?
-
A mass on a spring oscillates with frequency f, amplitude A, maximum speed Vmax, and maximum acceleration amax a. If A doubles without changing f i. how does Vmax change, if at all? ii. how does a...
-
Imine formation is reversible. Show all the steps involved in the acid-catalyzed reaction of an imine with water (hydrolysis) to yield an aldehyde or ketone plus primary amine.
-
During registration at Tech every quarter, students in the Department of Management must have their courses approved by the departmental advisor. It takes the advisor an average of 4 minutes...
-
Suppose you won $15 on a lotto ticket at the local 7-Eleven and decided to spend all the winnings on candy bars and bags of peanuts. The price of candy bars is $.75 and the price of peanuts is $1.50....
-
Why is money not considered to be a capital resource in economics? Why is entrepreneurial ability considered a category of economic resource, distinct from labor? What are the major functions of the...
-
Below is a production possibilities table for consumer goods (automobiles) and capital goods (forklifts): a. Show these data graphically. Upon what specific assumptions is this production...
-
1. 'It is fair to say that Dicey's concept of the Rule of Law has no relevance to the constitutional law of the Commonwealth Caribbean.' Discuss.
-
The next dividend payment by Savitz, Inc., will be $1.44 per share. The dividends are anticipated to maintain a growth rate of 6 percent forever. If the stock currently sells for $26 per share, what...
-
Hudson Corporation will pay a dividend of $2.58 per share next year. The company pledges to increase its dividend by 4 percent per year indefinitely. If you require a return of 12 percent on your...
Study smarter with the SolutionInn App