Long-run elasticity of supply is defined as:
a. percentage change in quantity demanded in the long run divided by percentage change in price.
b. percentage change in price divided by percentage change in quantity demanded in the long run.
c. percentage change in quantity supplied in the long run divided by percentage change in price.
d. percentage change in price divided by percentage change in quantity demanded in the long run.
c
Economics
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a. True b. False Indicate whether the statement is true or false
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