Multiple Choice
The less responsive consumers are to a change in the price of a product:
A) the more price-elastic is the supply curve.
B) the more income-elastic is the demand curve.
C) the more price-inelastic is the demand curve.
D) the more income-elastic is the supply curve.
E) the more price-elastic is the demand curve.
Correct Answer:
Verified
Correct Answer:
Verified
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