Economy, asked by uditpruthi890, 1 year ago

in the long period supply of commodity is​

Answers

Answered by krishnamoni096
0

Answer:

Long period supply curves: Long period is the period during which a firm can adjust its commodity according to the changes in demand. When demand is more, new firms enter into the industry. Old firms will expand their machine and equipment.

Answered by wwwanzyanzu
0

Answer:

The longer the time period,the more elastic is supplied on a commodity. In the shorter time period, the more inelastic is supplied on the commodity. The supply of commodity can be increased or decreased in the long run that in short run.

Explanation:

The grains,precious metals,electricity ,oils,natural gags are example for traditional commodities .But forogn currency ,emmission credits are today's commodity market .

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