When comparing a good over a long time to the same good over a short period of time, the longer time period will demonstrate an elasticity of demand that is:_________

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asked Apr 28, 2021 44.8k views

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Yoonju · Answer 1 · 2021-05-03T19:55:18+0000

Answer:

higher

Step-by-step explanation:

The elasticity of demand may be defined as the economic measure where the change in the demand of a quantity or a goods purchased is related to the change in the price of the product. It is related to the quantity demanded and its price.

When a good is compared over a long time to the same good for a short time, the elasticity of demand for the good with longer time period will be higher.

When comparing a good over a long time to the same good over a short period of time, the longer time period will demonstrate an elasticity of demand that is:_________

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