- CFA Exams
- CFA Level I Exam
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
- Subject 2. Elasticities of Demand
CFA Practice Question
For most goods and services, the long-run demand is ______ the short-run demand.
A. more elastic than
B. less elastic than
C. the same elasticity as
Explanation: This is because it takes time for consumers to react to price changes.
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