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Suppose the government commits to a new tax on the production of cars. Some consumers may...

Suppose the government commits to a new tax on the production of cars. Some consumers may respond by choosing to live closer to public transport hubs.

If so, this is an example of why:

A. The elasticity of demand is often lower in the long-run than the short-run

B. The elasticity of supply is often lower in the long-run than the short-run

C. The elasticity of demand is often higher in the long-run than the short-run

D. The elasticity of supply is often higher in the long-run than the short-run

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