The Short-Run Supply Curve in a Competitive Market Must Be

question 236

True/False

The short-run supply curve in a competitive market must be more elastic than the long-run supply curve.

---

Definitions:

Respond

To reply or react to a message, situation, or stimulus.

Praise

Expression of approval, commendation, or admiration directed towards someone for their actions or achievements.

Positive Behavior

Actions that contribute to the well-being of oneself and others, promoting a positive and constructive environment.

State of Flow

A mental state where a person is fully immersed and engaged in an activity, experiencing enjoyment and focus.