In Differentiating Between the Short- and Long-Run Elasticities, When Economists

question 100

Multiple Choice

In differentiating between the short- and long-run elasticities, when economists talk about short-run elasticities,

• A) b and c.
• B) there is no need to mention short versus long run.
• C) the only issues are price and quantity.
• D) short-run elasticities are usually higher.
• E) short-run elasticities are usually lower.

---

Definitions:

Major Organic Product

The primary organic compound produced in the highest quantity in a chemical reaction.

Enamine

A compound containing a nitrogen atom connected to a carbon atom that is part of a double bond, resulting from the reaction between a secondary amine and an aldehyde or ketone.

α-Halogenate

Refers to the introduction of a halogen atom (e.g., chlorine, bromine) into the alpha position of an organic molecule relative to a functional group.

Ketones

Organic compounds containing a carbonyl group (C=O) flanked by two carbon atoms, featured in various chemical reactions.