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Describe how the elasticity of demand behaves in the long run?

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter5: Elasticity

Section: Chapter Questions

Problem 19RQ: Would you usually expect elasticity of demand or supply to be higher in the short run or in the long...

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