1. The text tells us that there are long-run elasticities and short-run elasticities. a. How long is...

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1. The text tells us that there are long-run elasticities and short-run elasticities.

a. How long is the long run and how long is the short run?

b. What meaning do the elasticity measures have if you don’t know those lengths? (Austrian)

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Microeconomics

ISBN: 9780077501808

9th Edition

Authors: David Colander

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Question Posted: Oct 15, 2024 01:00 AM

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1. The text tells us that there are long-run elasticities and short-run elasticities. a. How long is...

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Microeconomics

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