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-When the Price Elasticity of Demand Is Small in Magnitude,a

question 39

Multiple Choice

  -When the price elasticity of demand is small in magnitude,a _____ increase in the price leads to a _____ reduction in the amount purchased and the demand curve is relatively ______. A)  Slight; substantial; steep B)  Slight; slight; flat C)  Large; slight; steep D)  Slight; substantial; flat
-When the price elasticity of demand is small in magnitude,a _____ increase in the price leads to a _____ reduction in the amount purchased and the demand curve is relatively ______.


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