The price elasticity of demand increases with the length of the period considered because

The price elasticity of demand increases with the length of the period considered because:

A. Consumers’ incomes will increase over time.

B. The demand curve will shift outward as time passes.

C. All prices will increase over time.

D. Consumers will be better able to find substitutes.

Answer

The price elasticity of demand increases with the length of the period considered because consumers will be better able to find substitutes.

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