Consider the statements regarding elasticity. Over longer periods of time, demand tends to be more elastic. less elastic. perfectly inelastic. With fewer substitutes, demand tends to be perfectly inelastic. less elastic. more elastic. Demand for an item that uses a large portion of your budget tends to be more elastic. less elastic. perfectly inelastic. Demand for a luxury item tends to be more elastic. less elastic. perfectly inelastic.
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Consider the statements regarding elasticity. Over longer periods of time, demand tends to be more elastic. less elastic. perfectly ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Home » Business » Consider the statements regarding elasticity. Over longer periods of time, demand tends to be more elastic. less elastic. perfectly inelastic. With fewer substitutes, demand tends to be perfectly inelastic. less elastic. more elastic.