The Less Responsive Consumers Are to a Change in the Price

question 29

Multiple Choice

The less responsive consumers are to a change in the price of a product:

• A)the more price-elastic is the supply curve.
• B)the more income-elastic is the demand curve.
• C)the more price-inelastic is the demand curve.
• D)the more income-elastic is the supply curve.
• E)the more price-elastic is the demand curve.