In the Long Run, the Supply Curve

question 62

Multiple Choice

In the long run, the supply curve

• A) is more elastic than it is in the short run.
• B) is less elastic than it is in the short run.
• C) exhibits no systematic sequence of changes in elasticity.
• D) exhibits no change in elasticity at all.

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Definitions:

Partial Pressure

The pressure that a single component of a mixture of gases would exert if it alone occupied the entire volume of the mixture at the same temperature.

Atmospheric Gases

The gases that make up Earth's atmosphere, including nitrogen, oxygen, carbon dioxide, and argon, among others.

Oxygen Saturation

A measure of the amount of oxygen carried by hemoglobin in the blood, usually expressed as a percentage of the maximum carrying capacity.

Humidity

A measure of the amount of water vapor in the air.