Why do long-run elasticities of demand differ from short-run elasticities? Long-run elasticities of demand differ from short-run elasticities because A. it takes time for people to change their consumption habits. B. durable goods last a relatively long time. C. firms may be constrained in the short run by production capacity. D. both A and B are correct. E. all of the above.
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Home » Business » Why do long-run elasticities of demand differ from short-run elasticities? Long-run elasticities of demand differ from short-run elasticities because A. it takes time for people to change their consumption habits. B.