In Differentiating Between the Short- and Long-Run Elasticities, When Economists

Multiple Choice

In differentiating between the short- and long-run elasticities, when economists talk about short-run elasticities,

A) b and c.
B) there is no need to mention short versus long run.
C) the only issues are price and quantity.
D) short-run elasticities are usually higher.
E) short-run elasticities are usually lower.