22- The longer the time period under study, Question 22 options: a- the more elastic is the price elasticity of demand. b- the less sensitive consumers will be to price changes. c- the less adjustment consumers will make to price changes. d- the more inelastic is the price elasticity of demand. e- the more likely any given price cut will result in a smaller reaction by the consumer. 22- The longer the time period under study, 22- The longer the time period under study, a- the more elastic is the price elasticity of demand. b- the less sensitive consumers will be to price changes. c- the less adjustment consumers will make to price changes. d- the more inelastic is the price elasticity of demand. e- the more likely any given price cut will result in a smaller reaction by the consumer. the more elastic is the price elasticity of demand. the less sensitive consumers will be to price changes. the less adjustment consumers will make to price changes. the more inelastic is the price elasticity of demand. the more likely any given price cut will result in a smaller reaction by the consumer. a- the more elastic is the price elasticity of demand. b- the less sensitive consumers will be to price changes. c- the less adjustment consumers will make to price changes. d- the more inelastic is the price elasticity of demand. e- the more likely any given price cut will result in a smaller reaction by the consumer.
Explanation / Answer
the less adjustment consumers will make to price changes. c- the less adjustment consumers will make to price changes.