 | United States. Congress. House. Banking, Currency and Housing Committee - 1975 - 782 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... | |
 | Edwin Mansfield - 1994 - 796 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... | |
 | David Needham, Robert Dransfield - 1994 - 772 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... | |
 | Sampat Mukherjee - 2002 - 554 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.... | |
 | 526 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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For these reasons elasticities of demand for many goods tend to be greater in the long run than in the short run. 