Multiple Choice
For this question,assume that expectations of P and A are correct.Now suppose that there is a 4% increase in A.Given this information,which of the following will occur?
A) the PS relation will shift up by 4%.
B) the WS relation will shift up by less than 4%.
C) the WS relation will shift down by 4%.
D) the PS relation will shift down by 4%.
Correct Answer:
Verified
Correct Answer:
Verified
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