question archive 1)What does "the elasticity of marginal utility of consumption with respect to utility" mean? 2)Why might the price elasticity of supply be different in the long run than a short run?

1)What does "the elasticity of marginal utility of consumption with respect to utility" mean? 2)Why might the price elasticity of supply be different in the long run than a short run?

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1)What does "the elasticity of marginal utility of consumption with respect to utility" mean?

2)Why might the price elasticity of supply be different in the long run than a short run?

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