In a competitive market, is the long-run supply curve typically more elastic than the short-run supply curve, or is it less elastic than the short-run supply curve?

Question

Quizplus · Accepted Answer

The Answer of In a competitive market, is the long-run supply curve typically more elastic than the short-run supply curve, or is it less elastic than the short-run supply curve?

In a Competitive Market, Is the Long-Run Supply Curve Typically