In a local market, the monthly price of Internet access service decreases from $4040 to $3030, and the total quantity of monthly accounts across all Internet access providers increases from 120 comma 000120,000 to 220 comma 000220,000. What is the value price elasticity of demand, expressed as a positive number? nothing. (Round your answer to two decimal places.)

In a perfectly competitive market, the long-run market supply curve tends to be horizontal or nearly so. what is another way to state this fact? (a) market supply is much more elastic in the long run than the short run. (b) in the long run, average total cost is minimized. (c) in the long run, price equals marginal cost. (d) market supply is much less elastic in the long run than the short run.