What is the shape of a demand curve when consumers have a lot of time to adjust to price changes?A.HorizontalB.VerticalC.FlatD.Steep
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Solution 1
The shape of a demand curve when consumers have a lot of time to adjust to price changes is typically more flat or horizontal (Option A). This is because when consumers have more time to adjust, they can more easily switch to substitutes or change their consumption habits in response to price change Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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