Supply of a Food Item Increases by More Than the Demand

question 5

Multiple Choice

Supply of a food item increases by more than the demand for the food item increases.One thing for certain is that

• A)the price of the food item rises.
• B)income elasticity of demand is less than 0.
• C)the supply curve is price inelastic.
• D)real income falls as a result.
• E)none of the above

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