The J-curve effect relies upon A. Lags in demand response to devaluation. B. Larger demand elasticities in the short-run

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answerhappygod
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The J-curve effect relies upon A. Lags in demand response to devaluation. B. Larger demand elasticities in the short-run

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The J-curve effect relies upon
A. Lags in demand response to devaluation.
B. Larger demand elasticities in the short-run than
long-run.
C. Firms operating in full capacity.
D. The Marshall-Lerner condition always being satisfied.
E. None of the above.
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