Over longer periods of time demand tends to be:

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  1. Over longer periods of time demand tends to be:
    a. More elastic
    b. Perfectly inelastic
    c. Less elastic

  2. When fewer substitutes, demand tends to be:
    a. Less elastic
    b. More elastic
    c. Perfectly inelastic

  3. Demand for an item that uses a large portion of your budget tends to be:
    a. More elastic
    b. Perfectly inelastic
    c. Less elastic

  4. Demand for a luxury item tends to be:
    a. Perfectly inelastic
    b. Less elastic
    c. More elastic