Question

O E in the short run because paper towels are non-durable What about the price elasticity or demand for televisions? The price elasticity of demand for televisions should be larger O A. in the short run because it takes time for people to change their consumption habits O B. in the short run as new substitutes enter the market O c. in the short run because televisions are durable O D. in the long run because some firms may be constrained by production capacity O E. in the long run because televisions are not made in a cyclical industry. Click to select your answer and then click Check Answer All parts showing

Answer 1

The price elasticity of demand for televisions should be larger in the short run because televisions are durable. Hence,option(C) is correct.