Business, 16.04.2020 01:03, 19thomasar

Suppose that the value of the short-run absolute elasticity of demand for a good is 0.38. Then, we know the long-run absolute price elasticity of demand will be:

a. 0

b. greater than 0.38

c. elastic

d. less than 0.38

Answers: 2

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Suppose that the value of the short-run absolute elasticity of demand for a good is 0.38. Then, we k...