Price elasticity of demand is said to be greater a. the shorter the period of time consumers

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Price elasticity of demand is said to be greater

a. the shorter the period of time consumers have to adjust to price changes.

b. the longer the period of time consumers have to adjust to price changes.

c. when there are fewer available substitutes.

d. when the elasticity of supply is greater.

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Exploring Macroeconomics

ISBN: 9781111970314

5th Edition

Authors: Robert L. Sexton

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Question Posted: Oct 29, 2024 03:01 AM

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Price elasticity of demand is said to be greater a. the shorter the period of time consumers

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Exploring Macroeconomics

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