The diagram illustrates a consumer’s demand curves in the short run and in the long run for coconuts. At the outset, the consumer buys quantity Q0 at price P0. When the price of coconuts rises from P0, the consumer’s response in the short run is larger than his response in the long run. When the price falls from P0, his short-run response is smaller than his long-run response. Which demand curve represents the consumer’s short-run demand?
- AVYW
- BVYZ
- CXYZ
- DXYW