Solved

If the Demand for Good X Is Inelastic in the Short

Question 121

Multiple Choice

If the demand for good X is inelastic in the short run, then it will be __________ in the long run (as more time passes) .

A) inelastic
B) elastic
C) unit elastic
D) perfectly inelastic
E) There is not enough information to answer the question.

Related Questions

Q116: Suppose the demand for a particular good

Q117: The price elasticity of demand would most

Q118: Income rises from $3,500 to $4,000 a

Q119: If Cassandra bought 12 blouses last year

Q120: If demand for a product is perfectly

Q122: Price elasticity of demand is the ratio

Q123: Explain how and why price elasticity of

Q124: Exhibit 19-1<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-1

Q125: Exhibit 19-1<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-1

Q126: Price elasticity of supply is the percentage