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If Consumer Purchases of a Good Are Highly Sensitive to the Price

Question 385

Multiple Choice

If consumer purchases of a good are highly sensitive to the price of the good, this is illustrated by a


A) demand curve that is relatively flat (more horizontal) .
B) demand curve that is relatively steep (more vertical) .
C) supply curve that is relatively flat (more horizontal) .
D) supply curve that is relatively steep (more vertical) .

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