The time interval in which suppliers can change the quantity of all the resources they use to produce goods and services is called
a. the short run
b. the long run
c. equilibrium
d. the supply schedule
e. excess supply
B
Economics
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What types of government intervention did the World Bank determine was common in the HPAEs?
What will be an ideal response?
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Which of the following would not cause a shift in the supply curve for a good?
a. An increase in demand for that good. b. An increase in the cost of labor used to produce that good. c. A change in the cost of raw materials used to produce that good. d. A decrease in the cost of machinery used to produce that good.
Economics