Demand for a Product Tends to Be More Elastic the Longer

question 58

Multiple Choice

Demand for a product tends to be more elastic the longer the time period considered because

• A) sellers have more time to expand production.
• B) buyers have more time to search for substitutes.
• C) price increases over time make the price larger relative to buyers' incomes.
• D) the inverse relationship between the price and the quantity demanded weakens over time.
• E) buyers get used to the new price.

---

Definitions:

Ionizing Particles

Subatomic particles that carry enough energy to detach electrons from atoms or molecules, thereby ionizing them.

Radioactive Isotopes

Variants of chemical elements that exhibit radioactivity, used in various applications including medicine, research, and energy generation.

Alpha Particles

Heavily charged particles consisting of two protons and two neutrons, emitted during radioactive decay.

Nuclear Fusion

A nuclear reaction where two light atomic nuclei combine to form a heavier nucleus, releasing a significant amount of energy.