During World War II, the price of rubber went up considerably. The rise in price stimulated research for alternatives. For example, today's automobile tires are almost entirely made from synthetic materials. As a result, the increase in the price of rubber eventually led to a very large drop in quantity demanded. This is an example of how the price elasticity of demand:

rises the greater the time frame considered.

Explanation:

Since in the question, it is given that the rubber price increased up and they are made up of synthetic materials. Due to an increase in the price of the rubber, there is a large decline in quantity demanded

So this represents that if the price elasticity of demand increased the more the time period is relevant

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

b.

c.

d.

g.

those r all of them i believe