The Smaller the Price Elasticity of Demand,the

question 236

Multiple Choice

The smaller the price elasticity of demand,the

• A)steeper the demand curve will be through a given point.
• B)flatter the demand curve will be through a given point.
• C)more strongly buyers respond to a change in price between any two prices P₁ and P₂.
• D)larger the decrease in equilibrium price when the supply curve shifts rightward from S₁ to S₂.

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