Which of the Following Is Fixed in the Short Run

question 85

Multiple Choice

Which of the following is fixed in the short run but NOT in the long run?  

• A) output 
• B) quantity of goods and services demanded 
• C) all input prices 
• D) at least one input price

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Definitions:

Conditional Contract

An agreement where the obligations or terms are only to be fulfilled if certain conditions are met.

Condition Concurrent

A situation in a contract wherein the parties involved must perform their respective obligations at the same time.

Washing

Typically refers to cleaning something by immersing and agitating it in water or another liquid.

Conditional Contract

An agreement that becomes enforceable only after certain conditions are met or fulfilled.