The longer the time frame involved, the more likely it is that the demand will be relatively
A) elastic.
B) inelastic.
C) steep.
D) flat.

Name: The longer the time frame involved, the more likely it is that the demand will be relatively A) elastic. B) inelastic. C) steep. D) flat.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The longer the time frame, the more elastic demand tends to be because consumers have more time to adjust their buying habits and find substitutes.

The Longer the Time Frame Involved, the More Likely It