Which of the following statements about supply curves is FALSE? The:
A) supply curve for the market is typically more elastic over the short run than the long run.
B) long-run supply curve for constant cost industries is horizontal.??
C) long-run supply curve for increasing cost industries sweeps upward to the right.
D) long-run supply curve for decreasing cost industries slopes downward to the right.
Your answer: A was correct!
The supply curve for products is typically more elastic over a longer time period than over a shorter period.
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发表于 2006-3-29 17:19
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