If the price of steel increases drastically, the quantity of steel demanded by the building industry will fall significantly over the long run because ________. Select one: a. buyers of steel are more sensitive to a price change if they have more time to adjust to the price change. b. buyers of steel are less sensitive to a price change if they have more time to adjust to the price change. c. sales revenue in the building industry will fall sharply. d. profits will fall by a greater amount in the long run than in the short run.