Generally, the Elasticity of Demand for an Energy Source in the Long

question 221

Multiple Choice

Generally, the elasticity of demand for an energy source in the long run will be

• A) approximately equal to its elasticity of demand in the short run.
• B) considerably more elastic than in the short run.
• C) slightly less elastic than in the short run.
• D) considerably less elastic than in the short run.

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