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 96 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?

The FDA recognizes 118 routes of administration.

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?

All adults should have their cholesterol levels checked once every 5 years. During 2009–2010, 69.4% of Americans age 20 and older reported having their cholesterol checked within the last five years.

Did you know?

About one in five American adults and teenagers have had a genital herpes infection—and most of them don't know it. People with genital herpes have at least twice the risk of becoming infected with HIV if exposed to it than those people who do not have genital herpes.

Did you know?

Nearly all drugs pass into human breast milk. How often a drug is taken influences the amount of drug that will pass into the milk. Medications taken 30 to 60 minutes before breastfeeding are likely to be at peak blood levels when the baby is nursing.

The economics of conservation. The economics of conservation.
Independent assortment of chromosomes at meiosis explains Mendel's ratio Independent assortment of chromosomes at meiosis explains Mendel's ratio
Terms Related to Abnormal Blood Pressure Readings Terms Related to Abnormal Blood Pressure Readings
Procedures for Diagnostic Tests Related to the Musculoskeletal system Procedures for Diagnostic Tests Related to the Musculoskeletal system
Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ... Conscientiousness is negatively correlated with a number of health-related behaviors. The higher the ...
Selected Topical Corticosteroids for Dermatitis and Related Symptoms Selected Topical Corticosteroids for Dermatitis and Related Symptoms
Video: T cell receptors

For a complete list of videos, visit our video library