The correct answer is:
input prices do not change at all or very much.
In the short run, some factors of production are fixed, and as a result, input prices tend to be sticky or do not change significantly.
The short run in macroeconomics is the period in which Blank______.
Multiple choice question.
no contracts or agreements exist to fix prices
demand determines price
input prices do not change at all or very much
input prices change freely
1 answer