The diagram shows a consumer’s short-run and long-run demand curves for coconuts. Initially, the consumer purchases quantity ${Q_0}$ at price ${P_0}$.
If the price of coconuts increases from ${P_0}$, the consumer’s short-run response is greater than his long-run response. If the price decreases from ${P_0}$ his short-run response is smaller than his longrun response.
What is the consumer’s short-run demand curve?
1 )
VYW
2 )
VYZ
3 )
XYZ
XYW
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