The diagram presents a consumer’s short-run and long-run demand curves for coconuts. At first, the consumer buys quantity Q0 at price P0. If the price of coconuts rises above P0, the consumer’s short-run reaction is larger than his long-run reaction. If the price falls below P0, his short-run reaction is smaller than his long-run reaction. What is the consumer’s short-run demand curve?
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- BVYZ
- CXYZ
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