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Author Question: FIGURE 5-4Refer to Figure 5-4. What is the significance of the difference in the slopes of the ... (Read 43 times)

nods

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on: Oct 12, 2022




FIGURE 5-4

Refer to Figure 5-4. What is the significance of the difference in the slopes of the short-run supply curve (S1) and the long-run supply curve (S2) for apartments?


◦ Over time, the supply of apartments shrinks in response to the controlled prices - the elasticity of supply decreases.
◦ Over time, the demand for apartments shrinks in response to the controlled prices - the elasticity of supply increases.
◦ Over time, the supply of apartments shrinks in response to the controlled prices - the elasticity of supply increases.
◦ Over time, the supply of apartments increases in response to the controlled prices - the elasticity of demand increases.
◦ Over time, the demand for apartments increases in response to the controlled prices - the elasticity of supply increases.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by nods on Oct 12, 2022

dude123

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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nods

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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