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    Business
  3. Study Set
    Managerial Economics
  4. Exam
    Exam 2: Demand Theory
  5. Question
    The Long-Run Price Elasticity of Demand for a Commodity Is
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The Long-Run Price Elasticity of Demand for a Commodity Is

Question 17

Question 17

True/False

The long-run price elasticity of demand for a commodity is generally greater than the short-run price elasticity of demand for the commodity.

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