Multiple Choice
If the demand for good A is more elastic than the demand for good B,a small increase in supply in both markets will cause
A) a much greater decrease in price for good A than for good B
B) a much greater decrease in price for good B than for good A
C) the price will decrease by the same amount in both markets
D) only the price of good B will decrease
E) only the price of good A will decrease
Correct Answer:
Verified
Correct Answer:
Verified
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