Demand tends to be ________ in the short run than in the long run.
A)more elastic
B)less elastic
C)more variable
D)less important

Name: Demand tends to be ________ in the short run than in the long run. A)more elastic B)less elastic C)more variable D)less important
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Question

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When consumers have more time to adapt to a price change, the change in quantity demanded will be higher, implying that the price elasticity of demand will be higher in the long run than in the short run.

Demand Tends to Be ________ in the Short Run Than