Price elasticity of demand is generally Multiple Choice greater in the short run than in the long run. greater in the long run than in the short run. the same in both the short run and the long run. greater for "necessities" than it is for "luxuries."
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Home » Business » Price elasticity of demand is generally Multiple Choice greater in the short run than in the long run. greater in the long run than in the short run. the same in both the short run and the long run. greater for "necessities" than it is for "luxuries.