In Which Case Will the Price Change Be the Greatest

question 43

Multiple Choice

In which case will the price change be the greatest (assuming the shifts described are the same size) ?

• A) Demand is inelastic, and supply shifts to the left.
• B) Supply is perfectly elastic, and demand shifts to the left.
• C) Demand is elastic, and supply shifts to the left.
• D) Supply is elastic, and demand shifts to the left.

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Definitions:

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