In the long run, both supply and demand tend to become more elastic. this suggests that, in the long run, the:

This suggests that in the long run a consumer becomes knowledgeable its of alternatives therefore a supplier is enabled to match its productions levels, as a variable voiding short-term constraints, to fling price elasticity leading to a higher demand elasticity, calculated as the percent change in the quantity demanded divided by a percent change in another economic variable as the price.

Explanation:

Price elasticity measures the supply or demand of a product changes referred to a proposed change in price.

Elasticity of supply is measured as the ratio of proportionate change in the quantity supplied to the proportionate change in price.

no, dan should reduce his discretionary spending. not long-term goals involve more planning than short-term goals do