3 The short-run market demand curve will be more inelastic than the long-run curve. It will take...
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3 The short-run market demand curve will be more inelastic than the long-run curve.
It will take time for producers to adjust their production process in o!'d????r to use more of the less expensive resources and less of the more expensive resources.
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Related Book For
Essentials Of Economics
ISBN: 396414
2nd Edition
Authors: James D Gwartney; Richard Stroup; J R Clark
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