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If the Price of Forest-Products Rises, the Price Elasticity of Supply

question 89

True/False

If the price of forest-products rises, the price elasticity of supply will be more responsive in the long run than in the short run.


Definitions:

Valence Electrons

Electrons located in the outer orbit of an atom.

Maximum Number

The highest value in a given set or range.

Matter

Anything that occupies space.

Mass

A property of physical objects that measures the amount of matter in an object, affecting its resistance to acceleration under a force.

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