Question: Why do long - run elasticities of demand differ from short - run elasticities? Long - run elasticities of demand differ from short - run
Why do longrun elasticities of demand differ from shortrun elasticities? Longrun elasticities of demand differ from shortrun elasticities because... select all that apply
A durable goods last a relatively long time.
B it takes time for consumers to respond to price changes.
C firms may be constrained in the short run by production capacity.
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