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insherro insherro
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7 years ago
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
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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sofreshsofresh
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7 years ago
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1
Sweet Caroline
Good times never seemed so good
I've been inclined,
To believe they never would
Oh, no, no

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