Why are both the price elasticity of demand and the price elasticity of supply likely to be

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Why are both the price elasticity of demand and the price elasticity of supply likely to be greater in the long run?

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Economics

ISBN: 978-0273721307

7th edition

Authors: John Sloman, Alison Wride

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Question Posted: Nov 18, 2013 09:33 AM

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Why are both the price elasticity of demand and the price elasticity of supply likely to be

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The price elasticity of demand islikely to be greater in long run because people may take a lon...View the full answer

Economics

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