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 74 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
Thanks for the timely response, appreciate it

patma1981

  • Member
  • Posts: 292
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

Adult head lice are gray, about ? inch long, and often have a tiny dot on their backs. A female can lay between 50 and 150 eggs within the several weeks that she is alive. They feed on human blood.

Did you know?

Glaucoma is a leading cause of blindness. As of yet, there is no cure. Everyone is at risk, and there may be no warning signs. It is six to eight times more common in African Americans than in whites. The best and most effective way to detect glaucoma is to receive a dilated eye examination.

Did you know?

Excessive alcohol use costs the country approximately $235 billion every year.

Did you know?

People about to have surgery must tell their health care providers about all supplements they take.

Did you know?

During the twentieth century, a variant of the metric system was used in Russia and France in which the base unit of mass was the tonne. Instead of kilograms, this system used millitonnes (mt).

Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies Many ideologies stem from older theories. The ideas of the philosophers are simplified. Ideologies
economics economics
economics economics
economics economics
Similar, But Not Related Similar, But Not Related
Concepts related to acid–base imbalances Concepts related to acid–base imbalances
Video: Introduction to Eating Disorders

For a complete list of videos, visit our video library