Prices of Inputs Tend to Be Sticky in the Short

question 86

True/False

Prices of inputs tend to be sticky in the short run because of informal and formal price arrangements between the buyer and seller of inputs.

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Definitions:

Sales and Excise Taxes

Taxes imposed on the sale of goods and services (sales tax) and on specific goods like gasoline and alcohol (excise tax), respectively.

Afferent Fibers

Nerve fibers that carry sensory information from the body's periphery towards the central nervous system.

Ganglion Cell

A type of neuron located in the retina that receives visual information from photoreceptors and transmits it to the brain.

Somatosensory System

This system is part of the sensory nervous system, responsible for processing sensory information from the body, including touch, temperature, pain, and body position.