As the Time Frame Shifts from the Short Run to the Long

question 129

Multiple Choice

As the time frame shifts from the short run to the long run,what happens to producers who are subject to a binding price floor?

• A) They are increasingly willing to substitute away from producing the good,and the supply curve becomes less elastic.
• B) There are no changes,and their elasticity of supply remains unchanged.
• C) They are increasingly willing to substitute away from producing the good,and the supply curve becomes more elastic.
• D) They are less willing to substitute away from producing the good,and the supply curve becomes less elastic.
• E) They are less willing to substitute away from the good,and the supply curve becomes more elastic.

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Definitions:

Beta Coefficient

The beta coefficient measures a stock's relative volatility and risk compared to the market. It indicates how much the stock price is likely to change in response to market fluctuations.

Weighted Average

Weighted average is a calculation that takes into account the varying degrees of importance of the numbers in a data set, providing a measure that reflects their contributions.

Probability Distribution

A statistical function describing the likelihood of various outcomes in an experiment.

Expected Value

A statistic that represents the average outcome of a set of events, weighted by the likelihood of each event.