Difference between short run demand and long run demand
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SHORT RUN DEMAND VS. LONG RUN DEMAND
Short run demand is the demand with its immediate reaction to price changes, income fluctuations and so on. ...
LONG RUNAND SHORT RUN COST Long runcosts have no fixed factors of production
Short run costs have fixed factors and variables that impact production.
Short run demand is the demand with its immediate reaction to price changes, income fluctuations and so on. ...
LONG RUNAND SHORT RUN COST Long runcosts have no fixed factors of production
Short run costs have fixed factors and variables that impact production.
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