This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Demand for a product tends to be more elastic the longer the time period considered because (Read 99 times)

luvbio

  • Hero Member
  • *****
  • Posts: 623
on: May 24, 2019
Demand for a product tends to be more elastic the longer the time period considered because
◦ sellers have more time to expand production.
◦ buyers have more time to search for substitutes.
◦ price increases over time make the price larger relative to buyers' incomes.
◦ the inverse relationship between the price and the quantity demanded weakens over time.
◦ buyers get used to the new price.
Foundations of Microeconomics ¦ Bade, Parkin ¦ 8th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by luvbio on May 24, 2019

britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #1 on: May 24, 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 45% of students answer this correctly


luvbio

  • Hero Member
  • *****
  • Posts: 623
Reply #2 on: May 24, 2019
Excellent


britb2u

  • Sr. Member
  • ****
  • Posts: 331
Reply #3 on: May 24, 2019
Great! Please up vote :D


« previous next »
 

Did you know?

It is believed that humans initially contracted crabs from gorillas about 3 million years ago from either sleeping in gorilla nests or eating the apes.

Did you know?

An identified risk factor for osteoporosis is the intake of excessive amounts of vitamin A. Dietary intake of approximately double the recommended daily amount of vitamin A, by women, has been shown to reduce bone mineral density and increase the chances for hip fractures compared with women who consumed the recommended daily amount (or less) of vitamin A.

Did you know?

Coca-Cola originally used coca leaves and caffeine from the African kola nut. It was advertised as a therapeutic agent and "pickerupper." Eventually, its formulation was changed, and the coca leaves were removed because of the effects of regulation on cocaine-related products.

Did you know?

Walt Disney helped combat malaria by making an animated film in 1943 called The Winged Scourge. This short film starred the seven dwarfs and taught children that mosquitos transmit malaria, which is a very bad disease. It advocated the killing of mosquitos to stop the disease.

Did you know?

The most common childhood diseases include croup, chickenpox, ear infections, flu, pneumonia, ringworm, respiratory syncytial virus, scabies, head lice, and asthma.

Old Time Farm Shepherd Old Time Farm Shepherd
Transformation and Evolution of a Long-Period Comet Transformation and Evolution of a Long-Period Comet
Time course and phases of a nerve cell going from resting potential to action potential Time course and phases of a nerve cell going from resting potential to action potential
Greet a First-Time Client With a Firm Handshake. Greet a First-Time Client With a Firm Handshake.
Classic Supply - Demand Curve Classic Supply - Demand Curve
Finding the length given total distance and distance longer than other point Finding the length given total distance and distance longer than other point
Video: Introduction to Pre-eclampsia

For a complete list of videos, visit our video library