精选优质文档-倾情为你奉上Outline for Reviewing Microeconomics (2013)3. Short Answer（310，30 points）Chapter 2questions for review: 5, 65. Explain why for many goods, the long-run price elasticity of supply is larger than theshort-run elasticity.The price elasticity of supply is the percentage change in the quantity supplied divided by the percentage change in price. In the short run, an increase in price induces firms to produce more by using their facilities more hours per week, paying work
