Solved

Exhibit 39-6 -Refer to Exhibit 39-6.A Major Change in Weather Conditions Favorable

Question 74

Multiple Choice

Exhibit 39-6
Exhibit 39-6    -Refer to Exhibit 39-6.A major change in weather conditions favorable to the production of X will shift the supply curve for X from its original position.The consequent change in price and total revenue would be less sharp if the demand curve for X is __________ because it is __________ over the relevant region. A)  D1; more elastic than D2 B)  D1; more inelastic than D2 C)  D2; more elastic than D1 D)  D2; more inelastic than D1
-Refer to Exhibit 39-6.A major change in weather conditions favorable to the production of X will shift the supply curve for X from its original position.The consequent change in price and total revenue would be less sharp if the demand curve for X is __________ because it is __________ over the relevant region.


A) D1; more elastic than D2
B) D1; more inelastic than D2
C) D2; more elastic than D1
D) D2; more inelastic than D1

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions