Question

The price elasticity of demand will increase with the length of the period to which the demand curve pertains because: *

1 point

A) consumers' incomes will increase.

B) the demand curve will shift outward.

C) all prices will increase over time.

D) consumers will be better able to find substitutes.​

Answer 1

Option b is correct ok now mark me as brainlist

Answer 2

The correct answer is OPTION D: Consumers will be better able to find substitutes.​

• The price elasticity of demand is a metric that determines how a product's consumption fluctuates in response to price changes.
• The good is elastic if a change in price results in a considerable change in demand or supply.
• The good is inelastic if a price adjustment does not influence supply or demand.
• A product's flexibility is influenced by the availability of an alternative.
• Even if costs rise, demand will remain inelastic if there are no viable substitutes and the product is needed.