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The Price Elasticity of Demand Will Increase with the Length

Question 42

Multiple Choice

The price elasticity of demand will increase with the length of the period to which the demand curve pertains because


A) consumers will be better able to find substitutes.
B) consumers' incomes will increase.
C) advertising will have more time to take effect.
D) the demand curve will shift outward.
E) the arc elasticity of demand will decline.

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