tars per pound) 10. Price elasticity of supply in the short run and long run The following graph sho

tars per pound) 10. Price elasticity of supply in the short run and long run The following graph shows the long-run supply curve for persimmons. Place the orange line (square symbol) on the following graph to show the most likely short-run supply curve for persimmons. (Note: Place the points of the line either on O and D or on O and S.) 24 20 Short-Run Supply 12 PRICE (Dollars per pound) 24 20 Short-Run Supply 16 S 12 Long-Run Supply 2 8 10 12 QUANTITY (Thousands of pounds of persimmons)

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