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 I and F or on I and C.)

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

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

Expert Solution

In the long run supply curve is more elastic than in the short run because quantity supplied cannot adjust completely to the price change.

So the short run supply curve will pass from I to C.

The slope of short run supply curve will be more than long run supply curve.

Rahul Sunny answered 2 years ago

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.)

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

8.Price elasticity of supply in the short run and long run The following graph shows the short-run supply curve for persimmons. Place the orange line (square symbol) on the following graph to show the most likely long-run supply curve for persimmons. (Note: Place the points of the line either on N and G or on N and Z.)

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

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

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Question

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 I and F or on I and C.)

Solutions

Expert Solution

Related Solutions

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

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