question archive Why is the long-run demand for a nondurable item more income elastic than the short-run demand? Why might the same rule not apply to the demand for a durable item?
Why is the long-run demand for a nondurable item more income elastic than the short-run demand? Why might the same rule not apply to the demand for a durable item?
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Why is the long-run demand for a nondurable item more income elastic than the short-run demand? Why might the same rule not apply to the demand for a durable item?
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