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