When US Demand for Imports Is Price Elastic,a(n)___________ in Price

question 4

Multiple Choice

When US demand for imports is price elastic,a(n) ___________ in price leads to a ___________ proportionate increase in the quantity demanded so that expenditures on the imports increase.

• A)increase; smaller
• B)increase; larger
• C)decrease; smaller
• D)decrease; larger

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Definitions:

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