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Business, 26.09.2021 14:00 DragonLovely

In the short run, quantity supplied by firms is relatively less sensitive to changes in price than it is In the long run. In this sense, the term "long run" refers to the length of time required for firms to .(1 point) produce fewer units in response to a change in price

adjust their factors of production in response to a change in price

adjust their future expectations in response to a change in price

produce more units in response to a change in price

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