Price Elasticity of Supply for the Long Run Is

question 23

Multiple Choice

Price elasticity of supply for the long run is

• A) always greater than the long-run price elasticity of demand.
• B) always zero.
• C) perfectly inelastic.
• D) always greater than the short-run price elasticity of supply.

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Definitions:

Gender Roles

The cultural standards that dictate the behaviors deemed suitable, fitting, or wanted for individuals, depending on their real or perceived gender or sex.

Southwest

A region in the United States comprising states like Arizona, New Mexico, Texas, and parts of California and Nevada, known for its distinct desert landscapes, culture, and history.

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A demographic measure comparing the number of males to females in a given population, used to assess gender balance or disparity.

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The organization of society into hierarchical levels based on socio-economic status or other distinctions.