Multiple Choice
The long-run demand curve for air travel is likely to be:
A) more elastic than the short-run demand curve for air travel.
B) more inelastic than the short-run demand curve for air travel.
C) the same as the short-run demand curve for air travel.
D) more inelastic than the short-run supply curve of air travel.
E) perfectly elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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