Multiple Choice
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 _____ and supply is more _____.
A) price-elastic; price-elastic
B) price-inelastic; price-elastic
C) price-elastic; price-inelastic
D) price-inelastic; price-inelastic
Correct Answer:
Verified
Correct Answer:
Verified
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