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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.
Which products supply could be elastic in the short run?
Handrugs
Why the short run demand curve is usually less elastic than the long run demand curve?
this was just covered in econ 201 today...people have less time to adapt and find substitute goods in the short-run, but as time passes they are able to find substitutes, making it more elastic.
What is Short run and long run price elasticity of demand?
is the long run elasticity of demand is ever smaller than the short run elasticity of demand.
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.
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.
Which products supply could be elastic in the short run?
Handrugs
Why the short run demand curve is usually less elastic than the long run demand curve?
this was just covered in econ 201 today...people have less time to adapt and find substitute goods in the short-run, but as time passes they are able to find substitutes, making it more elastic.
What is Short run and long run price elasticity of demand?
is the long run elasticity of demand is ever smaller than the short run elasticity of demand.
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.
Is supply more elastic in the short run than in the long run?
Most of them are more elastic in the long run,because all factors of production are variable,not fixed.
What is Short run AND long run demand?
why do not give answers
Is The supply curve more or less elastic in the long run than the short run?
more
Which of the following is a good example of a good with elastic supply in the short run?
Passenger Airplanes
What happens to prices and output in short run when Short-run aggregate demand shifts left?
Prices rise, output rises
What are different types of demand distinctions?
1.producer's goods and consumer's goods 2.durable goods and non durable good 3.derived demand and autonomous demand 4.industry demand and company demand 5.short run demand and long run demand 6.short term demand fluctuations and long term trends 7.total market and market segments
Would the demand tend to be more or less elastic for consumers time horizon?
Generally, product demand is more elastic the longer the time period under consideration. Consumers often need time to adjust to changes in prices. (McConnell & Brue p.346) "Short run" demand (like buying items at an auction) is more inelastic than is "long run" demand ( like shopping at your favorite department stores) where you can have "time to think about it". Price elasticity of demand is greater...(d) the longer the time period involved (348). Economics: principles, problems, and policies / Campbell R. McConnell, Stanley L. Brue.-17th ed. don't tell, RES
