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) larger the decrease in equilibrium price when the supply curve shifts rightward from S₁ to S₂.