Question: (c) A long-run demand curve, as compared to a short-run demand curve for the samecommodity, is generally: (d) The price elasticity of demand is 3.0

(c) A long-run demand curve, as compared to a short-run demand curve for the samecommodity, is generally:

(d) The price elasticity of demand is 3.0 if a 15 percent increase in the price occurs, what would be the possible results/outputs of this happening?

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