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6 March, 13:59

What is the best example of a short-run adjustment?

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  1. 6 March, 14:18
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    Short-run economics primarily affect price.

    Explanation:

    When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.
  2. 6 March, 14:23
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    Mining and energy giants were hit especially hard by the fall in iron ore, coal, copper, and other commodity prices, underscoring their high fixed costs in the short run
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