Question

The short-run is- a time period in which the prices of output cannot change but in whihc the prices of inputs have time to adjust- a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust- a time period in which neither the prices of output nor the prices of inputs are able to change- any time period ofless thatn a year

Answer 1

a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust

Step-by-step explanation:

• Short run are the period in that at least one factor in production is fixed, in which the product can be increased by increasing the owners and increasing the number of variable factors such as purchasing more raw materials. Therefore, output may change with the increase in supply and demand.

• so the correct option is a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust