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

Author Question: Related to the Economics in Practiceon page 99: Which of the following best explains why demand is ... (Read 42 times)

panfilo

  • Hero Member
  • *****
  • Posts: 572
on: Apr 19, 2019

Related to the 
Economics in Practice on page 99: Which of the following best explains why demand is often more elastic in the long run than it is in the short run?


◦ When demand is elastic, price increases reduce revenue because a small price increase will lead to a large decrease in quantity demanded.
◦ In the long run, consumers have greater access to substitutes.
◦ Consumers tend to postpone making purchasing decisions as long as possible.
◦ In the short run, prices can change rapidly, but in the long run they are more stable.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by panfilo on Apr 19, 2019

Kimmy

  • Sr. Member
  • ****
  • Posts: 342
Reply #1 on: Apr 19, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 49% of students answer this correctly


panfilo

  • Member
  • Posts: 572
Reply 2 on: Apr 19, 2019
:D TYSM

mcarey591

  • Member
  • Posts: 365
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

Never take aspirin without food because it is likely to irritate your stomach. Never give aspirin to children under age 12. Overdoses of aspirin have the potential to cause deafness.

Did you know?

Acute bronchitis is an inflammation of the breathing tubes (bronchi), which causes increased mucus production and other changes. It is usually caused by bacteria or viruses, can be serious in people who have pulmonary or cardiac diseases, and can lead to pneumonia.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

Did you know?

Fungal nail infections account for up to 30% of all skin infections. They affect 5% of the general population—mostly people over the age of 70.

Did you know?

The most destructive flu epidemic of all times in recorded history occurred in 1918, with approximately 20 million deaths worldwide.

Disorders Related to Urination Disorders Related to Urination
The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ... The footnote on a Nutrition Facts label explains the Recommended Daily Values that are the basis of ...
Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ... Estimated age-related changes in semantic and episodic memory abilities. Semantic memory abilities ...
Potential Consequences of Estrogen Loss Related to Menopause Potential Consequences of Estrogen Loss Related to Menopause
Different ANA staining patterns and related autoimmune diseases. (a) Homogeneous staining, (b) ... Different ANA staining patterns and related autoimmune diseases. (a) Homogeneous staining, (b) ...
Essential Foundations of Economics Plus Essential Foundations of Economics Plus
Video: Dissociative Disorders (Part 1)

For a complete list of videos, visit our video library