The Longer the Time That Has Elapsed Since the Price

question 78

Multiple Choice

The longer the time that has elapsed since the price of a good changed,the

• A) more elastic the demand for that good.
• B) steeper the demand curve.
• C) less elastic the demand for that good.
• D) smaller the amount of that good bought.
• E) fewer substitutes available for the good.

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Definitions:

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