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Business, 06.11.2019 01:31 MidnightDuel

The long-run elasticity of supply in most industries is than the short-run elasticity because in the long run,

a. less elastic; consumer demand will increase, increasing industry profits

b. more elastic; resources and firms can enter the industry

c. less elastic; resources and firms can enter the industry

d. more elastic; consumer demand will increase, increasing industry profits

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