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.

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