A long-run supply curve is more price sensitive than a short-run supply curve.

Name: A long-run supply curve is more price sensitive than a short-run supply curve.
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Question

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In the long run, firms can adjust all of their inputs and adopt new technologies, making it easier to increase supply in response to price changes, whereas in the short run, some inputs are fixed, limiting the ability to respond to price changes.

A Long-Run Supply Curve Is More Price Sensitive Than a Short-Run