The less responsive consumers are to a change in the price, Ask an Expert

Economics

The less responsive consumers are to a change in the price of a product, _____.

a. the more price-inelastic is the demand curve

b. the more income-inelastic is the demand curve

c. the more price-elastic is the supply curve

d. the more price-elastic is the demand curve

e. the more income-elastic is the supply curve

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91570898

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