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israelduran2222
27.09.2019 •
Business
How does time impact elasticity of supply?
a product that is elastic in the short run will not be in the long run.
a product can become more elastic in the long run.
a product is typically more elastic in the short run.
a product that is inelastic in the long run will not be in the short run.
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Ответ:
A product can become more elastic in the long run.
Explanation:
Time is one of the determinants of the elasticity of supply. In the short run, some factors of production are fixed so firms can adapt less to respond to changes in price. Supply is less elastic. However, in the long run, firms can invest, adapt, and be more "flexible" to respond to prices. Thus they are more elastic in the long run than in the short run
Ответ:
(x - y) = 2x - 6
Rewrite the first equation so that y = 21 - x
Now substitute y in the second equation, and solve for x.
Then solve for y