In the Long Run,the Price Elasticity of Demand Is ________

question 35

Multiple Choice

In the long run,the price elasticity of demand is ________ than in the short run because ________.

• A)less; consumers have more time in which to make adjustments to price changes
• B)less; the percentage change is measured over a larger amount of time
• C)greater; consumers have more time in which to make adjustments to price changes
• D)greater; firms have more time to shift the burden of the tax forward to consumers

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Definitions:

Hypomorphs

Refer to genetic variants that result in decreased gene function compared to the wild type.

Prelinguistic Vocalizations

Sounds made by infants before they acquire language, such as cooing and babbling.

Babbling

A stage in child language acquisition during which an infant spontaneously utters nonsensical sounds, often combining consonants and vowels, like "ba ba" or "da da."

Cooing

The early vocalization stage of human infancy, where babies produce soft, vowel-like sounds as a precursor to language development.