Suppose that the graph below depicts demand curves for gasoline over two time ho

Question

Suppose that the graph below depicts demand curves for gasoline over two time horizons, the short run and the long run. Curve M shows the demand for gasoline in the __________; curve N shows the demand for gasoline in the __________.

A. Short run; long run

B. Long run; short run

Suppose that the graph below depicts demand curves for gasoline over two time horizons, the short run and the long run. Curve M shows the demand for gasoline in the __________; curve N shows the demand for gasoline in the __________. A. Short run; long run B. Long run; short run

Explanation / Answer

B

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