The short-run market supply curve is more elastic than the long-run market supply curve.

Name: The short-run market supply curve is more elastic than the long-run market supply curve.
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In the short run, firms have limited ability to change production levels due to fixed inputs, making the supply curve less elastic. In the long run, firms can adjust all inputs, enter or exit the market, leading to a more elastic supply curve.

The Short-Run Market Supply Curve Is More Elastic Than the Long-Run