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question archive you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer

you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer

Subject:EconomicsPrice: Bought3

you expect a shift in supply to have a greater effect on equilibrium quantity in the short run or in the long run? Explain your answer. O A greater effect on equilibrium quantity in the long run because the longer the time period, the greater the increase in income and thus demand. O A greater effect on equilibrium quantity in the long run because the longer the time period, the more elastic is the good's demand. O A greater effect on equilibrium quantity in the short run because elasticity is higher the shorter the time period. This would lead consumers to adjust their quantity greatly. O The same effect on equilibrium quantity in the short run and the long run because when analyzing one good, it is predicted that elasticity does not change.

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