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