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Elasticity of Demand — Economics STD 10 — Question

ICSE BoardEnglish MediumSTD 10EconomicsElasticity of Demand1 Mark
MCQ
A product's demand is _________. when the time period under consideration is longer.
  • A
    less elastic
  • ✓
    more elastic
  • C
    perfectly elastic
  • D
    perfectly inelastic
✓

Answer

Correct option: B.
more elastic
B

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