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Author Question: Demand for a product tends to be more elastic the longer the time period considered because (Read 70 times)

luvbio

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on: May 24, 2019
Demand for a product tends to be more elastic the longer the time period considered because
◦ sellers have more time to expand production.
◦ buyers have more time to search for substitutes.
◦ price increases over time make the price larger relative to buyers' incomes.
◦ the inverse relationship between the price and the quantity demanded weakens over time.
◦ buyers get used to the new price.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
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Marked as best answer by luvbio on May 24, 2019

britb2u

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Reply #1 on: May 24, 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.
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luvbio

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Reply #2 on: May 24, 2019
Excellent


britb2u

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Reply #3 on: May 24, 2019
Great! Please up vote :D


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