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12-03-2024
Business

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The long-run supply curve shows the relationship between the price and quantity supplied on the vertical axis and the quantity supplied and price on the horizontal axis. What does the long-run supply curve represent?
1) The relationship between price and quantity supplied in the short run
2) The relationship between price and quantity supplied in the long run
3) The relationship between price and demand
4) The relationship between quantity demanded and quantity supplied

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