Business, 06.03.2020 23:53 rileyeddins1010

Suppose that the value of the short-run absolute elasticity of demand for a good is 0.38. Then, we know the long-run absolute price elasticity of demand will be:

a. 0
b. greater than 0.38
c. elastic
d. less than 0.38

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Suppose that the value of the short-run absolute elasticity of demand for a good is 0.38. Then, we k...

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