Would you usually expect elasticity of demand or supply to be higher in the short run or

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Would you usually expect elasticity of demand or supply to be higher in the short run or in the long run? Why?

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Principles Of Economics

ISBN: 9781506699868

2nd Edition

Authors: OpenStax

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Question Posted: Oct 29, 2023 09:53 AM

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Would you usually expect elasticity of demand or supply to be higher in the short run or

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The elasticity of demand and supply can vary in the short run and the long run and the expected behavior depends on several factors including the natu...View the full answer

Principles Of Economics

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