As consumers have a longer time period to respond, the demand for a product typically becomes more inelastic.
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Q144: If price increases from $45 to $55,
Q145: Any supply curve that is a straight
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Q148: If people have more time to adjust
Q150: If people have more time to adjust
Q151: If the price of a good doubles
Q152: The demand for flour is
A)inelastic because there
Q153: For which of the following is demand
Q154: If an increase in price from $1
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