subject
Business, 15.01.2020 01:31 allytrujillo20oy0dib

Because it takes many years before newly planted orange trees bear fruit, the supply curve in the short run is almost vertical. in the long run, farmers can decide whether to plant oranges on their land, to plant something else, or to sell their land altogether. therefore, the long-run supply of oranges is much more price sensitive than the short-run supply of oranges.
assuming that the long-run demand for oranges is the same as the short-run demand, you would expect a binding price ceiling to result in a (shortage or surplus) that is (smaller or in the long run than in the short run.

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 11:20
Which stage of group development involves members introducing themselves to each other?
Answers: 3
question
Business, 22.06.2019 14:00
Which of the following is not a characteristic of a weak economy? a. a low employment rateb. a high inflation ratec. a decreased gdpd. a high unemployment rate
Answers: 1
question
Business, 22.06.2019 19:40
Best burger is a major fast food chain. its managers are motivated to grow the firm in order to increase their market power and change the industry structure in their favor. which of the following strategies is most associated with their motive for growth? a. employing celebrity spokespeople b. implementing automated burger-making machinery c. purchasing competitors d. increasing executive salaries
Answers: 3
question
Business, 22.06.2019 23:00
You cannot make copies of media, even as a personal backup, without violating copyright. true
Answers: 3
You know the right answer?
Because it takes many years before newly planted orange trees bear fruit, the supply curve in the sh...
Questions
question
Health, 29.04.2021 01:30
question
Mathematics, 29.04.2021 01:30
question
Mathematics, 29.04.2021 01:30
question
Mathematics, 29.04.2021 01:30
question
Arts, 29.04.2021 01:30
question
Mathematics, 29.04.2021 01:30
Questions on the website: 13722363