Cross-price elasticity measures the responsiveness of the price of good A to a change in the price of good B

According to new growth theory, growth

A) occurs when real GDP greater than the subsistence level. B) depends on the population growth rate. C) is unending. D) ends when competition disappears. E) cannot be sustained without government hel

Refer to the diagrams, which pertain to a purely competitive firm producing output q and the industry in which it operates. Which of the following is correct?

A.  The diagrams portray neither long-run nor short-run equilibrium.
B.  The diagrams portray both long-run and short-run equilibrium.
C.  The diagrams portray short-run equilibrium but not long-run equilibrium.
D.  The diagrams portray long-run equilibrium but not short-run equilibrium.