In the Long Run, a Firm's Demand Curve for a Resource

question 97

Multiple Choice

In the long run, a firm's demand curve for a resource is:

• A)more elastic than it is in the short run.
• B)less elastic than it is in the short run.
• C)perfectly elastic.
• D)as elastic as it is in the short run.

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Definitions:

Biochemical Fingerprint

A unique pattern or profile of biochemical markers or traits that can be used to identify individuals or biological samples.

Body Cells

The basic structural, functional, and biological units of all known living organisms; cells make up the tissues of the body.

Antigens

Substances that the immune system recognizes as foreign, triggering an immune response.

Antigens

Antigens are substances, often foreign, that provoke an immune response in the body, especially the production of antibodies.