The short run is a period of time
A) when all input prices have adjusted to clear markets.
B) when all input and output prices have adjusted to equilibrium prices.
C) when some input prices do not change.
D) shorter than 10 years.
E) shorter than 1 year.

Question

Quizplus · Accepted Answer

In the short run, some input prices (such as wages or rents) are fixed or do not change, distinguishing it from the long run where all input prices can adjust.

The Short Run Is a Period of Time