A decline in price would increase exports if demand is-------
A)inelastic
B)elastic
C)constant
D)fluctuating

Name: A decline in price would increase exports if demand is------- A)inelastic B)elastic C)constant D)fluctuating
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Question

A decline in price would increase exports if demand is-------     
A)inelastic
B)elastic
C)constant
D)fluctuating

Quizplus · Accepted Answer

When demand is elastic, a decline in price leads to a proportionally larger increase in the quantity demanded, which can increase exports as consumers respond more significantly to the lower prices.

A Decline in Price Would Increase Exports If Demand Is-------