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Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
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∙ 12y ago
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Is The supply curve more or less elastic in the long run than the short run?
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The long-run supply of apples is more elastic than the short-run supply of apples?
Yes, bacause on the short run you are not able to harvest more apples than you have threes. On the long term you are able to adjust the number of threes
Is a firm's demand for labor curve is more elastic in the short run than in the long run?
No. It's more elastic in the long run than the short run.
Does supply curves tend to be more elastic in the long run or inelastic?
yes
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
Is The supply curve more or less elastic in the long run than the short run?
more
The long-run supply of apples is more elastic than the short-run supply of apples?
Yes, bacause on the short run you are not able to harvest more apples than you have threes. On the long term you are able to adjust the number of threes
Is a firm's demand for labor curve is more elastic in the short run than in the long run?
No. It's more elastic in the long run than the short run.
Does supply curves tend to be more elastic in the long run or inelastic?
yes
Does elastic have a short e sound?
No. The E can have a short I, or more rarely a long E sound.
Which firm is more likely to have an elastic supply?
A firm making underwear will need a supply of elastic.
What commodities have the most inelastic supply?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
What is the difference between aggregate supply in the short and long run?
In the long run (ceteris paribus), aggregate supply is perfectly inelastic, represented by a vertical line. No matter the inflation or deflation, there will be constant real product. However, in the short run, aggregate supply is much more elastic (and, according to Keynes, can become perfectly elastic (horizontal) if the economy gets into a rut). The real GDP will change because of the price level. But by definition, in the long run real variables are resistant to nominal changes, so real GDP will not be influenced by price level while in the short run it is not constant.
What commodities have the most inelastic?
In the short run, most commodities have inelastic supply curves. In the long run, with increased investment, supply could become more elastic. I would hazard a guess that the radio - active isotopes used for nuclear fuel such as Uranium-235 have the most inelastic supply.
Why would the demand for natural gas be more inelastic in the short run than in the long run?
Natural gas is inelastic in the short term because the amount of natural gas available does not tend to increase with demand. In the long run prices can become more elastic due to the ability to adjust your overall consumption of natural gas to match the supply.
Why is it difficult to judge elasticity of demand or supply if you are merely observing the appearance of a demand or supply curve on a graph?
Because it is basically curved shape, therefore, there are points/areas on the curve where the demand or supply will be elastic and on some other parts be inelastic. At the top of the curve, demand/supply tends to be inelastic and at the bottom of the curve, it tends to be elastic. Obviously, the more you go up the more we reach the perfectly inelastic demand/supply and the further you go down the curve, the more you reach the perfectly elastic demand/supply
Steeper supply curve is more likely to be price elastic or price inelastic?
Price inelastic
