What is the definition of "the short run" in economics?

Question

Quizplus · Accepted Answer

In economics, the short run is defined as the period of time when at least one input is fixed. This means that while some factors of production may be adjusted (i.e. variable inputs), at least one input cannot be changed in the short run. The length of the short run can vary depending on the industry and the specific circumstances, but it is generally shorter than the long run, which is a period of time when all inputs can be adjusted. Therefore, option B is the correct definition. Option A is too specific and not always accurate, option C is actually the definition of the long run, and option D is not a valid definition.

What Is the Definition of "The Short Run" in Economics