tb mc qu. 06 - 205 the price elasticity of demand... the price elasticity of demand increases with the…

tb mc qu. 06 - 205 the price elasticity of demand... the price elasticity of demand increases with the length of the period considered because multiple choice the demand curve will shift outward as time passes. all prices will increase over time. consumers will be better able to find substitutes. consumers incomes will increase over time.

tb mc qu. 06 - 205 the price elasticity of demand... the price elasticity of demand increases with the length of the period considered because multiple choice the demand curve will shift outward as time passes. all prices will increase over time. consumers will be better able to find substitutes. consumers incomes will increase over time.

Answer

Brief Explanations:

The price - elasticity of demand measures the responsiveness of quantity demanded to a change in price. Over a longer period, consumers have more time to search for and switch to substitute goods. This makes the demand more elastic as they can react more flexibly to price changes.

Answer:

consumers will be better able to find substitutes.