15. The long-run market supply curve a. is always more elastic than the short-run market supply curve.

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15. The long-run market supply curve

a. is always more elastic than the short-run market supply curve.

b. is always less elastic than the short-run market supply curve.

c. has the same elasticity as the short-run market supply curve.

d. is always perfectly elastic.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

ISBN: 9783030019983

5th Edition

Authors: David R. Hakes

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Question Posted: Nov 15, 2024 03:00 AM

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15. The long-run market supply curve a. is always more elastic than the short-run market supply curve.

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Study Guide For N. Gregory Mankiw's Principles Of Microeconomics

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