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

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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: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 12, 2024 06:02 AM

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

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a Duration of the Long Run and Short Run The exact duration of the long run and short run is not pre...View the full answer

Microeconomics

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