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.
Correct Answer:
Verified
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A)decrease
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