Register
What is the difference in elasticity of supply in the short run versus the long run?
191k views
4 votes
What is the difference in elasticity of supply in the short run versus the long run?

User Thakis
by
6.7k points

1 Answer

4 votes
Supply is more price elastic in the long run. Supply is more price inelastic in the short run because it's simply not as great.
User Lirui
by
6.9k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

7.4m questions

9.9m answers

Other Questions

In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
What is the best way to describe a stock market?
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Identify the advantages and disadvantages of a command economy.
Link Copied!