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What are the key differences between the long run supply curve and the short run supply curve in economics?
The key difference between the long run supply curve and the short run supply curve in economics is that the long run supply curve is more elastic and flexible, as firms can adjust their production levels and resources in the long run. In contrast, the short run supply curve is less elastic and more rigid, as firms have limited ability to change their production capacity in the short term.
Why do wages and row material affect short-run aggregate supply but not long-run aggregate supply?
wages and raw material effect short run aggregate supply because of productivity factor but money is neutral in the long run so will never effect long run
Why is it that short run aggregate supply curve is normal?
Because the supply curve basically is for the short run, and not permanent for the long run. That's why it's considered normal.
What is fixed supply?
Fixed supply is the kind of supply which is not expected to run out in the near future. For example, oxygen and sunlight can be said to have fixed supply.
Is scarcity exists in the short run because?
Scarcity exiss in short run because the world's resources are in finite supply.
Is the price elasticity of supply usually larger in the short run or in the long run?
long run is ever smaller than short run
Will the world ever run out of its water supply?
If we keep polluting it and wasting it, yes.
Is the world's petrol supply ever likely to run out?
It is likely that the world's petrol supply will run out. There are limited resources and if people keep using them up, without thoughts of conservation they could very well run out.
Will we ever run out of air on Earth?
No, we will not run out of air on Earth. The Earth's atmosphere contains a constant supply of oxygen and other gases that support life.
Does pee run up hill?
no it doesnt even run because it doesnt have legs HAHA!! :)
Can TV be run by DC supply?
no... run tv with dc supply
Is the worlds petrol ever likely to run out?
It is likely that the world's petrol supply will run out. There are limited resources and if people keep using them up, without thoughts of conservation they could very well run out.
How fast can geldi run?
he is fat and doesnt no how to run
Will Earth ever run out of oxygen?
No, Earth will not run out of oxygen. Oxygen is constantly being produced through processes like photosynthesis by plants and algae, ensuring a continuous supply for living organisms.
Does Dynamic stretching help you run faster on a endurance run?
no it doesnt
Rewrite this question oil -out - probably - run - the -when - will -world's -supply?
When will probably the world's oil supply run out
What are the key differences between the long run supply curve and the short run supply curve in economics?
The key difference between the long run supply curve and the short run supply curve in economics is that the long run supply curve is more elastic and flexible, as firms can adjust their production levels and resources in the long run. In contrast, the short run supply curve is less elastic and more rigid, as firms have limited ability to change their production capacity in the short term.
