![The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d. The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.](https://homework.study.com/cimages/multimages/16/capture154217254747856648.jpg)
The long-run industry supply curve will: a. be less elastic than the short run industry supply curve. b. be more elastic than the short-run industry supply curve. c. always be horizontal. d.
![Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download](https://images.slideplayer.com/25/8138874/slides/slide_7.jpg)
Perfect Competition part III Short Run & Long Run Supply Curves Chapter 14 completion. - ppt download
![If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price If a firm is earning short-run economic profits show in the above figure, in the long-run [{Blank}] a. firms exit the industry, the market supply curve shifts rightward, and the market price](https://homework.study.com/cimages/multimages/16/capture2311694001524117096.jpg)