Price elasticity of demand is generally – McqOptions

MCQOPTIONS

1.	Price elasticity of demand is generally
A.	tends to be smaller in the short run than in the long run.
B.	tends to be smaller in the long run than in the short run.
C.	tends to be unrelated to the length of time.
D.	tends to be larger in the short run than in the long run.
Answer» B. tends to be smaller in the long run than in the short run.

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