Top Posters
Since Sunday
a
5
k
5
c
5
B
5
l
5
C
4
s
4
a
4
t
4
i
4
r
4
r
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
lstar1993 lstar1993
wrote...
Go to Answer
Posts: 498
Rep: 25 0
5 years ago
Figure 6-12




Refer to Figure 6-12. Suppose the diagram shows the supply curves for a product in the short run and in the long run. Which supply curve represents supply in the short run and which curve represents supply in the long run?

• SB represents supply in the short run and SA represents supply in the long run.

• Either SA or SB could represent supply in the short run; in the long run the supply curve must be a vertical line.

• Either SA or SB could represent supply in the long run; in the short run the supply curve must be a horizontal line.

• SA represents supply in the short run and SB represents supply in the long run.
Textbook 
Microeconomics

Microeconomics


Edition: 7th
Authors:
Read 57 times
2 Replies
Replies
Answer verified by a subject expert
Kutthroat K.Kutthroat K.
wrote...
#1
Posts: 405
Rep: 57 0
5 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

lstar1993 Author
wrote...
#2
5 years ago
Thank you, thank you, thank you!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  937 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 306
  
 160
  
 328
Your Opinion
Which 'study break' activity do you find most distracting?
Votes: 741
Previous poll results: What's your favorite math subject?