The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because: O a. ec

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The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because: O a. ec

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The Long Run Price Elasticity Of Demand Is Usually Larger Than The Short Run Price Elasticity Of Demand Because O A Ec 1
The Long Run Price Elasticity Of Demand Is Usually Larger Than The Short Run Price Elasticity Of Demand Because O A Ec 1 (13.97 KiB) Viewed 11 times
The long-run price elasticity of demand is usually larger than the short-run price elasticity of demand because: O a. economists take the absolute value of long-run price elasticities but not of short-run elasticities. O b. demand curves tend to become steeper over time. c. incomes tend to rise over time. O d. people have more time to find substitute goods.
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