Multiple Choice
-The figure above shows the market for tyres. According to the figure, the price elasticity of demand is ________ the price elasticity of supply.
A) greater than
B) not comparable to
C) equal to
D) less than
E) More information is needed to determine if the price elasticity of demand is greater than, equal to, less than, or comparable to the price elasticity of supply.
Correct Answer:
Verified
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