Soru
The shorter the time that has elapsed since a price change, the more __ A. inelastic is demand B. elastic is demand C. linear is the demand curve D. non-linear is the demand curve
Çözüm
4.3
(165 Oylar)
Goksel
Elit · 8 yıl öğretmeni
Uzman doğrulaması
Cevap
A
Daha Fazla
## Step 1The problem is about the concept of price elasticity of demand in economics. Price elasticity of demand measures the responsiveness of the quantity demanded of a good to a change in its price. ## Step 2When a price change has just occurred, consumers have less time to adjust their consumption habits. This means that the demand is less elastic in the short term. ## Step 3As time passes, consumers have more time to adjust their consumption habits, making the demand more elastic. ## Step 4Therefore, the shorter the time elapsed since a price change, the more inelastic is the demand. This corresponds to option A.