If People Have More Time to Adjust to a Price

question 121

Multiple Choice

If people have more time to adjust to a price change,the price elasticity of demand for that good is likely to _____

• A)increase.
• B)decrease.
• C)fall to zero.
• D)be equal to −1.
• E)remain unchanged.

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Definitions:

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A class of corticosteroids that are involved in regulating electrolyte and water balance by the kidneys.

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The total volume of blood circulating within an individual's body.