Question

multiple choice question
the fact that consumers are not always able to adjust immediately to price changes means that product demand is more ______ over time.
elastic
unit elastic
cross inelastic
inelastic

Explanation:

In economics, when consumers can't adjust immediately to price - changes, over time they have more flexibility to change their consumption patterns. This makes demand more responsive to price changes, which is the characteristic of elastic demand. Elastic demand means that a change in price leads to a relatively larger change in quantity demanded.

Answer:

A. elastic