The Longer the Time That Has Elapsed Since the Price

question 56

Multiple Choice

The longer the time that has elapsed since the price of a good changed, the

• A) steeper the demand curve.
• B) more elastic the demand for that good.
• C) fewer substitutes available for the good.
• D) smaller the amount of that good bought.
• E) less elastic the demand for that good.

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Definitions:

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