The long-run industry supply curve is usually more elastic than the short-run industry supply curve,but if entering firms make intensive use of an input that is in limited supply,then it is possible for the long-run curve to be less elastic than the short-run curve.

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The Answer of The long-run industry supply curve is usually more elastic than the short-run industry supply curve,but if entering firms make intensive use of an input that is in limited supply,then it is possible for the long-run curve to be less elastic than the short-run curve.

The Long-Run Industry Supply Curve Is Usually More Elastic Than