
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Transcribed Image Text:The following graph shows the long-run supply curve for pistachios.
Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for pistachios. (Note: Place the points of
the line either on W and R or on W and M.)
PRICE (Dollars per pound)
48
40
B
24
0
W
M
R
Long-Run Supply
10
QUANTITY (Thousands of pounds of pistachios)
101
Short-Run Supply
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