Compared to the Short Run,the Elasticity of Demand in the Long

question 83

Multiple Choice

Compared to the short run,the elasticity of demand in the long run is likely to:

• A)decrease.
• B)remain unitary elastic.
• C)increase.
• D)remain unchanged.

---

Definitions:

Debt

A sum of money lent by one individual to another, with the agreement that it will be returned at a future time, typically with additional interest.

Sinking Fund

Account managed by the bond trustee for early bond redemption.

Preemptive Right

A shareholder's right to buy additional shares of a company's stock before it is offered to the public, maintaining their proportional ownership.

Common Stock

Equity ownership in a corporation, giving holders voting rights and a share in the company's profits through dividends and capital appreciation.