How long is the long run and how long is the short run, Business Management

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How long is the long run and how long is the short run

Problem

The text tells us that there are long-run elasticities and short-run elasticities.

a. How long is the long run and how long is the short run?

b. What meaning do the elasticity measures have if you don't know those lengths? (Austrian)

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Business Management: How long is the long run and how long is the short run

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Business Management: How long is the long run and how long is the short run

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