Business
31.07.2022 09:06
146
439
9
Solved by an expert

The price elasticity of demand increases with the length of the period considered

The price elasticity of demand increases with the length of the period considered because
Show Answers
coco09
coco09
4,6(59 marks)

This is the full question

The price elasticity of demand increases with the length of the period considered because

a. consumers' incomes will increase over time.

b. the demand curve will shift outward as time passes.

c. all prices will increase over time.

d. consumers will be better able to find substitutes

d. consumers will be better able to find substitutes

Explanation:

As the period goes by, there is every probability that consumers will get substitutes to products and thus increase price elasticity of demand

orlando19882000
orlando19882000
4,8(44 marks)

I guess answer is true may be

Popular Questions about the subject: Business

Dose a tiger have the same strapes as a zerbra...
Business
13.01.2021 03:22
The cash effects of transactions that create revenues and expenses are...
Business
03.11.2020 16:49
Money functions as a store of value if it allows you to:...
Business
04.03.2021 08:28
Blank are critical skills necessary to perform the required work related...
Business
23.01.2022 02:23
Why is most employment regulation passed at the national level, as opposed...
Business
23.06.2022 00:12

New questions by subject

Equation of the line which passes through (a,b) and perpendicular...
Mathematics
18.02.2021 13:51
How can l learn effective without forgetting?...
English
27.12.2020 18:01
in amino acid acid glycine why is the pka of -cooh (pka 2.34) lower...
Chemistry
02.01.2021 20:07
Which cells lay down extra bone formation over a fracture?...
Medicine
06.07.2022 01:42
What are the two exceptions to the rules of the electron configurations...
Physics
24.02.2023 05:33
What element is represented by the configuration 1s22s22p63s2?...
Chemistry
17.04.2023 12:44
#
#
#
#
# #

We expand our knowledge with many expert answers