Order Your Paper From the most reliable Essay writing Service. 

.

 



Question: When completing the column for the short run, do not include any changes in short-run conditions ...

see more
Show transcribed image text When completing the column for the short run, do not include any changes in short-run conditions when moving to the long run. In other words, determine only the initial short-run effects of this change in industry conditions. Also, when completing the column for the long run, compare the outcome to that of before the change in industry conditions, not to the short-run outcome.

When completing the column for the short run, do not include any changes in short-run conditions when moving to the long run. In other words, determine only the initial short-run effects of this change in industry conditions. Also, when completing the column for the long run, compare the outcome to that of before the change in industry conditions, not to the short-run outcome.