lectur15-page56

lectur15-page56 - producers have to respond to price...

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56 Length of Time Available for Producer Response to Price Changes Supply short run Price Q/u.t. P 1 P 0 Q 0 Q 1 As the amount of time
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Unformatted text preview: producers have to respond to price changes, the more elastic supply becomes...
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This note was uploaded on 12/29/2011 for the course ECO 210 taught by Professor Malls during the Fall '10 term at SUNY Stony Brook.

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