=+b. Long-run price elasticities of supply are generally larger than short-run price elasticities of supply. As a

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=+b. Long-run price elasticities of supply are generally larger than short-run price elasticities of supply. As a result, the short-run supply curves are generally flatter than the long-run supply curves.

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Economics

ISBN: 9781319066604

5th Edition

Authors: Robin Krugman, Paul Wells

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Question Posted: Oct 03, 2024 02:00 AM

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=+b. Long-run price elasticities of supply are generally larger than short-run price elasticities of supply. As a

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