Question
Price elasticity of demand is generally: A.greater in the long run than in the short run. B.greater in the short run than in the long
Price elasticity of demand is generally:
A.greater in the long run than in the short run.
B.greater in the short run than in the long run.
C.the same in both the short run and the long run.
D.greater for "necessities" than it is for "luxuries."
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A Textbook Of Mathematical Economics
Authors: Dr Chandrakant Singh
1st Edition
9353140986, 9789353140984
