Long- run price elasticities of demand for motoring are more elastic than those in the short run.

Name: Long- run price elasticities of demand for motoring are more elastic than those in the short run.
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In the long run, consumers have more time to adjust their behavior and explore alternatives to motoring, such as using public transportation, moving closer to work, or purchasing more fuel-efficient vehicles, making their demand more price elastic compared to the short run.

Long- Run Price Elasticities of Demand for Motoring Are More