The demand for a good or service tends to be: None of the options. more inelastic...
The demand for a good or service tends to be:
-
None of the options.
-
more inelastic in the short term than in the long term.
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unit elastic.
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more elastic in the short term than in the long term.
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equally elastic in the short term and in the long term.
Homework Answers
The demand is inelastic in the short run and elastic in the long run because in the short run you cannot change your habits and look for alternatives whereas in the long run you can choose alternatives.
option(B)
more inelastic in the short term than in the long term.
Add Answer to:
The demand for a good or service tends to be:
None of the options.
more inelastic...
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