Explain Why the Short-Run Supply Curve Is Not Vertical, but the Long-Run

question 102

Essay

Explain why the short-run supply curve is not vertical, but the long-run aggregate supply curve is vertical.

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Definitions:

Zygomatic

Referring to the zygoma or cheekbone, a bone that contributes to the structure of the face.

Vomer

A thin, flat bone forming the posterior and inferior portion of the nasal septum.

Costae

The ribs, forming part of the human thoracic skeleton that protects the chest cavity and supports the chest wall.

Adult Human Skull

The bony structure that forms the head in the human skeleton, comprising 22 bones that protect the brain and form the structure of the face.