When Demand Is Elastic

question 15

Multiple Choice

When demand is elastic

• A) a proportionately small change in price leads to a proportionately large change in quantity supplied.
• B) a proportionately small change in price leads to a proportionately small change in quantity supplied.
• C) a proportionately small change in price leads to a proportionately large change in quantity demanded.
• D) a proportionately small change in price leads to a proportionately small change in quantity demanded.

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