-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