The charge for a long- distance telephone call is higher between 8 am and 7 pm Monday to Friday than between 7 pm and 8 am. This can be explained by the fact that the demand for long- distance telephone calls is ____________between 8 am and 7 pm and the demand for long- distance telephone calls i0____________s between 7 pm and 8 am.

Question

Quizplus · Accepted Answer

The demand for long-distance calls is less elastic between 8 am and 7 pm because people are more likely to make necessary calls during business hours, allowing providers to charge higher rates. Conversely, demand is more elastic between 7 pm and 8 am, as calls are less urgent, leading to lower rates to attract customers.

The Charge for a Long- Distance Telephone Call Is Higher