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In the long run, the price elasticity of demand is than in the short run because . ...

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In the long run, the price elasticity of demand is ________ than in the short run because ________. ...

In the long run, the price elasticity of demand is ________ than in the short run because ________.
A) less; consumers have more time in which to make adjustments to price changes
B) less; the percentage change is measured over a larger amount of time
C) greater; consumers have more time in which to make adjustments to price changes
D) greater; firms have more time to shift the burden of the tax forward to consumers

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Economics for Managers

Edition: 3^rd

Author: Farnham

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University of Ottawa - Economics for Managers

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Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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insherro Author

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