In Differentiating Between the Short-Run and Long-Run Elasticities for the Same

Multiple Choice

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

A) they cannot distinguish between the two types
B) there is no differentiation if it's the same good
C) they are the same as long-run elasticities for the same good
D) they are usually higher than long-run elasticities
E) they are usually lower than long-run elasticities