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Q Homework (Ch 05) 10. Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for
Q Homework (Ch 05) 10. Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for apricots Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for apricots. (Note: Place the points of the line either on H and Y or on H and P.) 12 Long-Run Supply H Short-Run Supply PRICE (Dollars per pound) QUANTITY (Thousands of pounds of apricots)
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