Author Question: The demand for gasoline is more elastic in the long run than in the short run because a. other ... (Read 97 times)

Tirant22 · **on:** Jul 1, 2018

The demand for gasoline is more elastic in the long run than in the short run because
a. other prices are more likely to change in the long run.
b. incomes tend to rise over time.
c. people can buy new cars in the long run.
d. cars have become more expensive over time.

Question 2

Ways to game the budgeting process include
a. delaying sales if just short of a target
b. delaying expenses if just short of a target
c. accelerating sales once a target is met
d. delaying expenses costs once a target is met