As people have more time to adjust to a price


As people have more time to adjust to a price change,

a. both supply and demand become less elastic.

b. demand becomes less elastic, and supply becomes more elastic.

c. demand becomes more elastic, and supply becomes less elastic.

d. both supply and demand become more elastic.

e. elasticity of both demand and supply tends toward unity.

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Business Economics: As people have more time to adjust to a price
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