The Smaller the Price Elasticity of Demand, the

Multiple Choice

The smaller the price elasticity of demand, the

A) steeper the demand curve will be through a given point.
B) flatter the demand curve will be through a given point.
C) more strongly buyers respond to a change in price between any two prices P1 and P2.
D) smaller the decrease in equilibrium price when the supply curve shifts rightward from S1 to S2.