The ability of firms to enter and extt a market overtime means that. in the long run.a. the demand curve is more elastic.h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .c. the supply curve is more elastic.d. the supply curve is tess elastic.

The ability of firms to enter and extt a market overtime means that. in the long run.a. the demand curve is more elastic.h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .c. the supply curve is more elastic.d. the supply curve is tess elastic.

Principles of Microeconomics

7th Edition

ISBN:9781305156050

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Elastic And Its Application

Section: Chapter Questions

Problem 4CQQ

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Question

The ability of firms to enter and extt a market over
time means that. in the long run.
a. the demand curve is more elastic.
h thP. f'I P.m~n rl r.urvA i~ lA!=>~ Alt:t~ti t .
c. the supply curve is more elastic.
d. the supply curve is tess elastic.

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