Exhibit 5-24
-Refer to Exhibit 5-24. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:
A) curve D(1)
B) curve D(2)
C) curve D(4)
D) curve D(3)
E) either curve D(1) or D(4)

Question

Exhibit 5-24 
-Refer to Exhibit 5-24. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:
A) curve D(1) 
B) curve D(2) 
C) curve D(4) 
D) curve D(3) 
E) either curve D(1) or D(4)

Quizplus · Accepted Answer

The Answer of Exhibit 5-24 
-Refer to Exhibit 5-24. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:
A) curve D(1) 
B) curve D(2) 
C) curve D(4) 
D) curve D(3) 
E) either curve D(1) or D(4)

Exhibit 5-24 -Refer to Exhibit 5-24. the Demand Curve That Best Illustrates