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 62 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
Excellent

bblaney

  • Member
  • Posts: 323
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The Romans did not use numerals to indicate fractions but instead used words to indicate parts of a whole.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Approximately 70% of expectant mothers report experiencing some symptoms of morning sickness during the first trimester of pregnancy.

Did you know?

Approximately 15–25% of recognized pregnancies end in miscarriage. However, many miscarriages often occur before a woman even knows she is pregnant.

Did you know?

The most common treatment options for addiction include psychotherapy, support groups, and individual counseling.

Adapoids and omomyoids had longer snouts and are the first “true” primates. Adapoids and omomyoids had longer snouts and are the first “true” primates.
Landbridge connections between continental Asia and Indonesia during glacial periods extend as far a Landbridge connections between continental Asia and Indonesia during glacial periods extend as far a
An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Historical Time Line of Regulatory Acts, Standards, and Organizations Historical Time Line of Regulatory Acts, Standards, and Organizations
A clock is showing the time as exactly 3:00 p.m. and 25 s. A clock is showing the time as exactly 3:00 p.m. and 25 s.
The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ... The time at which the mailman delivers the mail to Ace Bike Shop follows a normal distribution ...
Video: Simple and Double Sugar

For a complete list of videos, visit our video library