18 Generally over which time period will a f a in one month

18. Generally, over which time period will a f a. in one month b. in six months in one year in five years c. d. What are the most basic tools of economics? a. b. c. d. 19. demand and supply price and quantity monetary and fiscal policy elasticity of demand and supply

Solution

18.
The correct option is D
Normally it depends from firm to firm but through elasticity of demand or supply, larger the time period larger will be respomsiveness of firms toward price change.
Thus ans is D because in five years the response will be the maximum