In the short run,the expansion path is
A) horizontal.
B) vertical.
C) diagonal.
D) indeterminate.

Name: In the short run,the expansion path is A) horizontal. B) vertical. C) diagonal. D) indeterminate.
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Question

Quizplus · Accepted Answer

In the short run, the expansion path is horizontal because the firm can only adjust variable inputs while fixed inputs remain constant, leading to changes in output levels along a horizontal path.

In the Short Run,the Expansion Path Is