This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The reason that supply and demand tend to be more price elastic over longer time periods is because ... (Read 61 times)

TVarnum

  • Hero Member
  • *****
  • Posts: 548
on: Jun 30, 2018
The reason that supply and demand tend to be more price elastic over longer time periods is because
 
  A) it takes time for households and businesses to adjust to price changes.
  B) some goods have longer shelf life and are reordered less often.
  C) firms incur costs in changing the price of goods on their shelves.
  D) the feedback loop from buyers to sellers takes time.

Question 2

A necessary condition for exchange rate stability where the sum of the elasticity of import demand and the elasticity of export supply must be greater than one is known as
 
  A) the Marshall Lerner condition.
  B) the elasticities rule.
  C) the elasticities approach.
  D) the exchange rate condition.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

jennafosdick

  • Sr. Member
  • ****
  • Posts: 345
Reply #1 on: Jun 30, 2018
Answer to Question 1

A

Answer to Question 2

A


TVarnum

  • Member
  • Posts: 548
Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

Bigfoot1984

  • Member
  • Posts: 321
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Anesthesia awareness is a potentially disturbing adverse effect wherein patients who have been paralyzed with muscle relaxants may awaken. They may be aware of their surroundings but unable to communicate or move. Neurologic monitoring equipment that helps to more closely check the patient's anesthesia stages is now available to avoid the occurrence of anesthesia awareness.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Did you know?

Cytomegalovirus affects nearly the same amount of newborns every year as Down syndrome.

Did you know?

Asthma attacks and symptoms usually get started by specific triggers (such as viruses, allergies, gases, and air particles). You should talk to your doctor about these triggers and find ways to avoid or get rid of them.

Did you know?

The tallest man ever known was Robert Wadlow, an American, who reached the height of 8 feet 11 inches. He died at age 26 years from an infection caused by the immense weight of his body (491 pounds) and the stress on his leg bones and muscles.

(b) during dry periods they lose their leaves and blossoms. (b) during dry periods they lose their leaves and blossoms.
Time Slows Down Near Matter Time Slows Down Near Matter
Time Line of Human History From Upper Paleolithic Period to the Present Time Line of Human History From Upper Paleolithic Period to the Present
Changes in Time Spent with Family Members Changes in Time Spent with Family Members
Sterilization Time Requirements Sterilization Time Requirements
Healthier choices can be made when time is taken to read a nutrition label. Healthier choices can be made when time is taken to read a nutrition label.
Video: Ionic bonds - role of ions in the body

For a complete list of videos, visit our video library