The _____ is so short that the output and the number of firms in an industry are fixed.
A) long run
B) expanded time series
C) time elasticity of supply
D) market period
Correct Answer:
Verified
Q207: The price elasticity of supply is the
Q208: In which period can firms decide to
Q209: Which event is a long-run adjustment for
Q210: Which event describes a short-run adjustment for
Q211: The MAIN determinant of price elasticity of
Q213: (Figure) The figure shows two supply curves
Q214: The long-run supply curve can have a
Q215: In the long run
A) the supply curve
Q216: If a producer lowers its price from
Q217: (Figure) The figure shows two supply curves
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