Economy, asked by keerthan7526, 1 year ago

Other things being equal the demand for natural gas will tend to be in short run than the long run

Answers

Answered by arnab2261
2

 {\huge {\mathfrak {Answer :-}}}

➡️ Other things being equal, the demand for natural gas will tend to be LESS elastic in the SHORT run than in the long run.

➡️ The value of the price elasticity of demand is not equal to the slope of the demand curve.

➡️ INELASTIC -When demand is inelastic, price and total revenue move in the same direction.

That's it..

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