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 98 times)

Collmarie

  • Hero Member
  • *****
  • Posts: 569
on: Apr 19, 2019

Related to the 
Economics in Practice on page 99: Which of the following best explains why demand is often less elastic in the short run than it is in the long 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 short run, consumers have less 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 Collmarie on Apr 19, 2019

AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
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


Collmarie

  • Hero Member
  • *****
  • Posts: 569
Reply #2 on: Apr 19, 2019
Thank you!


AmberC1996

  • Sr. Member
  • ****
  • Posts: 317
Reply #3 on: Apr 19, 2019
Always glad to help...


« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

As many as 28% of hospitalized patients requiring mechanical ventilators to help them breathe (for more than 48 hours) will develop ventilator-associated pneumonia. Current therapy involves intravenous antibiotics, but new antibiotics that can be inhaled (and more directly treat the infection) are being developed.

Did you know?

In 1886, William Bates reported on the discovery of a substance produced by the adrenal gland that turned out to be epinephrine (adrenaline). In 1904, this drug was first artificially synthesized by Friedrich Stolz.

Ineffective thermoregulation related to aging Ineffective thermoregulation related to aging
Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada Telomere length is related to the amount of time adults spend in leisure time activity. Source: Ada
Disorders Related to Urination Disorders Related to Urination
chemistry homework help energy related chemistry homework help energy related
Suppose a country imports televisions. The country's supply and demand curves are shown in ... Suppose a country imports televisions. The country's supply and demand curves are shown in ...
Ferrante, Chapter 11, Economics & Politics Ferrante, Chapter 11, Economics & Politics
Video: Electrical Conduction System of the Heart

For a complete list of videos, visit our video library