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Short Run

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11. How long is the "short-run" time period in the economic analysis of the market?

a. three months or one business quarter

b. total time in which sellers already in the market respond to changes in demand and equilibrium price

c. total amount of time it takes new sellers to enter the market

d. total amount of time it takes original sellers to leave the market

© BrainMass Inc. brainmass.com October 15, 2018, 5:39 am ad1c9bdddf - https://brainmass.com/economics/short-and-long-run-cost-functions/short-run-148728
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