Figure 2.5.2 -Refer to Figure 2.5.2 Above. Which of the Following Best

Multiple Choice

Figure 2.5.2
-Refer to Figure 2.5.2 above. Which of the following best represents the demand for cars in the short run (SR) and in the long run (LR) ?

A) Panel A.
B) Panel B
C) None of the above. Both are perfectly elastic.
D) None of the above. Both are perfectly inelastic.