The following graph shows the long-run supply curve for pistachios. Place the orange line (square symbol)...
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The following graph shows the long-run supply curve for pistachios. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for pistachios. (Note: Place the points of the line either on Q and J or on Q and C.) PRICE (Dollars per pound) 48 40 32 24 16 8 0 0 C 4 Long-Run Supply 2 6 8 10 QUANTITY (Thousands of pounds of pistachios) 12 Short-Run Supply (?) The following graph shows the long-run supply curve for pistachios. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for pistachios. (Note: Place the points of the line either on Q and J or on Q and C.) PRICE (Dollars per pound) 48 40 32 24 16 8 0 0 C 4 Long-Run Supply 2 6 8 10 QUANTITY (Thousands of pounds of pistachios) 12 Short-Run Supply (?)
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