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The Change in the Price of a Foodstuff Will Be

Question 15

Multiple Choice

The change in the price of a foodstuff will be greater,


A) the smaller the change in the supply of the foodstuff.
B) the greater the change in the supply of the foodstuff and the more inelastic the demand curve for the foodstuff.
C) the lesser the change in the supply of the foodstuff and the more inelastic the demand curve for the foodstuff.
D) the greater the change in the supply of the foodstuff and the more elastic the demand curve for the foodstuff.
E) the lesser the change in the supply of the foodstuff and the more elastic the demand curve for the foodstuff.

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