Which of the following statements is correct?
A)The demand for flat-screen computer monitors is more elastic than the demand for monitors in general.
B)The demand for grandfather clocks is more elastic than the demand for clocks in general.
C)The demand for cardboard is more elastic over a long period of time than over a short period of time.
D)All of the above are correct.

Question

Quizplus · Accepted Answer

All the statements are correct because specific goods (like flat-screen monitors and grandfather clocks) tend to have more elastic demand than general categories (like monitors and clocks), and demand generally becomes more elastic over a longer period of time.

Which of the Following Statements Is Correct