As a Price Change Persists Over a Long Period of Time

question 240

True/False

As a price change persists over a long period of time, we should expect the demand elasticity to fall.

---

Definitions:

Species At Risk Act

A Canadian law aimed at protecting endangered or threatened species and their habitats.

Canadians

People originating from or holding citizenship in Canada, known for its multicultural society and diverse landscapes.

Pollution

The contamination of the natural environment, leading to harmful effects on living organisms and ecosystems, caused by substances or energies released as a result of human activities.

Human Activities

Actions and behaviors undertaken by humans, affecting the natural world and contributing to environmental changes.