Multiple Choice Question

Question

The short-run is the period in which Blank______.
Multiple choice question.

output prices and input prices are fixed or highly inflexible

output prices and input prices are flexible

input prices are flexible but output prices are fixed or highly inflexible

output prices are flexible but input prices are fixed or highly inflexible

Answer 1

The short-run is the period in which output prices are flexible but input prices are fixed or highly inflexible.