Supply Tends to Be More Elastic in the Short Run

question 157

True/False

Supply tends to be more elastic in the short run and more inelastic in the long run.

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Definitions:

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays a significant role in muscle activation, memory formation, and learning.

Neurotransmitter

Chemical messengers that transmit signals across synapses between neurons in the brain.

Acetylcholine

A neurotransmitter in both the central and peripheral nervous systems that plays an important role in muscle contraction and the regulation of activities in the brain.

Triggers Muscle Contractions

Stimuli that induce shortening and activation of muscle fibers, leading to movement or tension.