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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    The Longer the Time Frame Involved, the More Likely It
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The Longer the Time Frame Involved, the More Likely It

Question 270

Question 270

Multiple Choice

The longer the time frame involved, the more likely it is that the demand will be relatively


A) elastic.
B) inelastic.
C) steep.
D) flat.

Correct Answer:

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