Demand often shows:
A)more elasticity in the short run than in the long run.
B)less elasticity in the long run than in the short run.
C)the same elasticity in the short run and in the long run.
D)less elasticity in the short run than in the long run.

Question

Quizplus · Accepted Answer

Demand is generally more elastic in the long run than in the short run because consumers have more time to adjust their behavior and find alternatives.

Demand Often Shows