3 years ago

Other things being equal, the demand for natural gas will tend to _______ elastic in the short run than in the long run.

1 answer:

3 0

The answer to this question is More elastic
A product usually become inelastic if that product does not have any subtitute to fulfill the same function.
In the long run, advancement in technologies will create a way cheaper method in producing energy (such as electric, nuclear, or solar) which will make natural gas become more elastic.

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