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" For these reasons elasticities of demand for many goods tend to be greater in the long run than in the short run. "
People and Power: Electricity Sector Reforms and the Poor in Europe and ... - Pagina 119
de Julian A. Lampietti, Sudeshna Ghosh Banerjee, Amelia Branczik - 2007 - 227 pagini
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The Economics of Energy and Natural Resource Pricing: A Compilation of ...

United States. Congress. House. Committee on Banking, Currency and Housing. Ad Hoc Committee on the Domestic and International Monetary Effect of Energy and Other Natural Resource Pricing - 1975 - 753 pagini
...energy use per unit output will continue to occur over time. The effect of the change in energy prices is likely to be greater in the long run than in the short run. Higher energy prices will definitely be expected to reduce energy used per unit output, or increase...
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The Economics of Energy and Natural Resource Pricing: A ..., Volumul 1

United States. Congress. House. Banking, Currency and Housing Committee - 1975 - 753 pagini
...energy use per unit output will continue to occur over time. The effect of the change in energy prices is likely to be greater in the long run than in the short run. Higher energy prices will definitely be expected to reduce energy used per unit output, or increase...
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Applied Microeconomics

Edwin Mansfield - 1994 - 748 pagini
...increases in the quantity supplied of other inputs. 4. The price elasticity of demand for an input is likely to be greater in the long run than in the short run. The reasoning here is like that underlying the similar proposition in Chapter 5 concerning the demand...
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Business Studies

David Needham, Robert Dransfield - 1994 - 758 pagini
...under consideration is another factor. Following a change in price, the elasticity of demand will tend to be greater in the long run than in the short run. For example, if the price of a product becomes relatively cheaper it will take consumers time to adjust...
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Economics for C.A. Professional Education Course 1

Sampat Mukherjee - 2002 - 550 pagini
...complement (as, for example, petrol with cars). For these reasons elasticities of demand for many goods tend to be greater in the long run than in the short run. For example, a large fall in the price of new cars will not make everyone discard their old cars overnight....
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National Income Accounting And Economic Theory For Class Xii

...complement (as, for example, petrol with cars). For these reasons elasticities of demand for many goods tend to be greater in the long run than in the short run. For example, a large fall in the price of new cars will not make everyone discard their old cars overnight....
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