When the Demand Curve Shifts,the ____ Elastic the Supply Curve

question 72

Multiple Choice

When the demand curve shifts,the ____ elastic the supply curve at the initial equilibrium price,the _____ the change in equilibrium price and the ______ the change in equilibrium quantity.

• A) more; larger; smaller
• B) less; larger; smaller
• C) more; larger; larger
• D) less; smaller; larger

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Definitions:

Savings Account

An account for deposits located at a bank or another financial institution, which ensures the safety of the principal amount and offers a small interest rate.

Discount Rate

It's the interest rate used in the process of discounted cash flow analysis to establish the current value of anticipated future cash flows.

Present Value

Present Value (PV) is the current worth of a future sum of money or stream of cash flows given a specified rate of return.

Donation

A voluntary gift or contribution of money or goods to a charitable organization or cause.