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Elasticity of demand is different in the short run and in

Elasticity of demand is different in the short run and in the long run for most goods. Analyse the impact of time on elasticity of (a) demand for gasoline and (b) consumer durables. (c) what difference do you find in the short run and long run elasticity of these two category of goods?

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Macroeconomics: Elasticity of demand is different in the short run and in

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