Explain why short-run demand for frozen fish sticks may be more price

Explain why short-run demand for frozen fish sticks may be more price elastic in the short run than in the long run.

What will be an ideal response?

ANSWER

Frozen fish sticks can be stored. If frozen fish sticks go on sale you can buy large quantities and store them in your freezer. Thus, you may be more sensitive to price changes in the short run.