The short-run is - a time period in which the prices of output cannot change but in whihc the prices of inputs have time to adjust - a time period in which output prices can change in response to supply and demand but in which all input prices have not yet been able to completely adjust - a time period in which neither the prices of output nor the prices of inputs are able to change - any time period ofless thatn a year
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Home » Business » The short-run is - a time period in which the prices of output cannot change but in whihc the prices of inputs have time to adjust - a time period in which output prices can change in response to supply and demand but in which all input prices have