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Question 1 1 pts The longer the period of time allowed for the of a good to adjust to a change in the price of the good, the the price elasticity of supply will be. This statement assumes that the quantity supplied be altered with time. O producer, higher; can consumer; higher; can O producer, lower; can producer; lower; cannot D Question 2 1 pts If the demand for good X is inelastic in the short run, then it will be in the long run (as more time passes).
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