Figure 5.7 shows four demand curves. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is: Figure 5.7

A)curve D(1).
B)curve D(2).
C)curve D(4).
D)curve D(3).
E)curve D(1) or curve D(4).

Question

Figure 5.7 shows four demand curves. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:​ Figure 5.7
​

A)curve D(1). 
B)curve D(2). 
C)curve D(4). 
D)curve D(3). 
E)curve D(1) or curve D(4).

Quizplus · Accepted Answer

The Answer of Figure 5.7 shows four demand curves. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:​ Figure 5.7
​

A)curve D(1). 
B)curve D(2). 
C)curve D(4). 
D)curve D(3). 
E)curve D(1) or curve D(4).

Figure 57 Shows Four Demand Curves