If the short-term own price elasticity for transportation is estimated to be −0.6,then long-term own price elasticity is expected to be:
A) −0.6.
B) greater than −0.6.
C) less than −0.6.
D) neither greater than, less than, nor equal to −0.6.

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The Answer of If the short-term own price elasticity for transportation is estimated to be −0.6,then long-term own price elasticity is expected to be:
A) −0.6.
B) greater than −0.6.
C) less than −0.6.
D) neither greater than, less than, nor equal to −0.6.

If the Short-Term Own Price Elasticity for Transportation Is Estimated