The Change in the Price of a Foodstuff Will Be

question 15

Multiple Choice

The change in the price of a foodstuff will be greater,

• A)the smaller the change in the supply of the foodstuff.
• B)the greater the change in the supply of the foodstuff and the more inelastic the demand curve for the foodstuff.
• C)the lesser the change in the supply of the foodstuff and the more inelastic the demand curve for the foodstuff.
• D)the greater the change in the supply of the foodstuff and the more elastic the demand curve for the foodstuff.
• E)the lesser the change in the supply of the foodstuff and the more elastic the demand curve for the foodstuff.

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