The longer any price change lasts over time, the
A) more difficult it is to alter quantity demanded.
B) the more quickly quantity demanded will return to its original level.
C) the longer the short-run equilibrium will continue to be the short-run equilibrium.
D) more quantity demanded will change.

Question

Quizplus · Accepted Answer

The longer a price change lasts, the more consumers adjust their behavior, leading to a greater change in quantity demanded. This is because consumers have more time to find substitutes or adjust their consumption habits.

The Longer Any Price Change Lasts Over Time, the