Please, match the following descriptions with the correct economic concept (Long Run or Short Run)    

Elasticity provides a technique for estimating the response of one variable to changes in some other variable and has numerous applications in economics. Cross elasticity of demand measures _____________________________________  

Based on the information in the table for a perfectly competitive firm, The marginal cost of the 2th unit (A) is _________________

The 6th amendment prohibits cruel and unusual punishment 

Which of the following best describes the term “framing” in behavioral economics?

  Average Fixed Cost (AFC): Total fixed cost (TFC) divided by quantity of output  Average Variable Cost (AVC): Total variable cost (TVC) divided by quantity of output Average Total Cost (ATC): Total cost (TC) divided by quantity of output MC indicates marginal cost.  Based on the above plot (c) (1)_____________ continuously declines as the quantity of output rises, because (2)____________ is constant. 

Case 1 where Price < AVC  Case 2 where Price > ATC Case 3 where ATC > P > AVC MC (Marginal Cost) MR (Marginal Revenue) ATC (Average Total Cost) AVC (Average Variable Cost) d (demand curve) P (price) Based on the above figure  for a perfectly competitive firm in the short run, In which case will a perfectly competitive firm shut down in the short run? _____________ 

Under the Articles of Confederation, the central government imposed taxes. 

The 13th, 14th, and 15th amendments were passed during and immediately following the Civil War. 

Figure A Figure B Figure C Figure D Figure E The ______________ provides a graphical representation of inelastic demand curve, which the percentage change in quantity demanded equals the percentage change in price