Demand is more elastic in the long period than in the short period.

1.	Demand is more elastic in the long period than in the short period.
Answer» <html><body><p></p>Solution :Because consumers find it difficult to change their in the <a href="https://interviewquestions.tuteehub.com/tag/short-642706" style="font-weight:bold;" target="_blank" title="Click to know more about SHORT">SHORT</a> <a href="https://interviewquestions.tuteehub.com/tag/period-1151023" style="font-weight:bold;" target="_blank" title="Click to know more about PERIOD">PERIOD</a>, wherse, in the long period, it is <a href="https://interviewquestions.tuteehub.com/tag/easy-444822" style="font-weight:bold;" target="_blank" title="Click to know more about EASY">EASY</a> to shift to other subsitiutes in case <a href="https://interviewquestions.tuteehub.com/tag/price-1165141" style="font-weight:bold;" target="_blank" title="Click to know more about PRICE">PRICE</a> of the given commodity rises.</body></html>

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