The Long-Run Demand Curve for Air Travel Is Likely to Be

question 17

Multiple Choice

The long-run demand curve for air travel is likely to be:

• A)more elastic than the short-run demand curve for air travel.
• B)more inelastic than the short-run demand curve for air travel.
• C)the same as the short-run demand curve for air travel.
• D)more inelastic than the short-run supply curve of air travel.
• E)perfectly elastic.

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