Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for persimmons.

10. Price elasticity of supply in the short run and long run

The following graph shows the long-run supply curve for persimmons.

Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for persimmons. (Note: Place the points of the line either on N and M or on N and L.)

Solutions

Expert Solution

The short-run supply curve will be as follows:-

Rahul Sunny answered 1 year ago

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Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for persimmons

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