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Elasticity in the long run and short runKey points In the market for goods and services, quantity supplied and quantity demanded are often relatively slow to react to changes in price in the short run, but they react more substantially in the long run. As a result, demand and supply often—but not always—tend to be relatively inelastic in the short run and relatively elastic in the long run....0 Commentarii 0 Distribuiri 10K Views 0 previzualizare
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Money Australia – Issue 268, July 2023Money Australia – Issue 268, July 2023Tip fișier: pdf1 Commentarii 0 Distribuiri 2K Views 0 previzualizare
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