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Attempts Keep the Highest / 1 10. Price elasticity of supply in the short run and long run The following graph shows the short-run supply

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Attempts Keep the Highest / 1 10. Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for pistachios. Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for pistachios. (Note: Place the points of the line either on N and K or on N and H.) (? 18 40 Long-Run Supply K N 32 Short-Run Supply PRICE (Dollars per pound) 24 16 8 2 8 10 12 QUANTITY (Thousands of pounds of pistachios)

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