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Assume the Supply Curve Shifts to the Right by a Given

Question 52

Essay

Assume the supply curve shifts to the right by a given amount at each price.The price in the market will decline the most if demand is more:
A.price-elastic and supply is more price-elastic.
B.price-inelastic and supply is more price-elastic.
C.price-elastic and supply is more price-inelastic.
D.price-inelastic and supply is more price-inelastic.

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price-inelastic and ...

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