If People Have More Time to Adjust to a Price

question 208

Multiple Choice

If people have more time to adjust to a price change,

• A)demand becomes more elastic, and supply becomes less elastic
• B)demand becomes less elastic, and supply becomes more elastic
• C)both supply and demand become less elastic
• D)both supply and demand become more elastic
• E)elasticity of both demand and supply tends toward unity

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Definitions:

Two-dimensional Array

A type of multi-dimensional array with two indexes, representing a grid-like structure for storing data.

Nums

Typically refers to an array or collection of numerical values in programming.

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Refers to a basic component or part of a larger system, such as an individual data item in an array.

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The first part of a function definition, including the function name, return type, and any parameters it accepts.