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)