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26 September, 17:25

If the price of natural gas rises, when is the price elasticity of demand likely to be the highest? immediately after the price increase one month after the price increase three months after the price increase one year after the price increase

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  1. 26 September, 17:42
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    It would be most likely "one year after the price increase"
  2. 26 September, 17:49
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    If the price of natural gas rises, one year after the price increases is when the price elasticity of demand is likely to be the highest. The price elasticity of demand is a measurement used within economics that shows how the quantity demanded of an item can change or remain the same when only the price of the item changes.
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Home » Business » If the price of natural gas rises, when is the price elasticity of demand likely to be the highest? immediately after the price increase one month after the price increase three months after the price increase one year after the price increase
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