Question

Question No. 5
If demand is price elastic
O A1 percent decrease in the price leads to an increase in the a
O A 1 percent increase in the price leads to an increase in the a
The price is very sensitive to any shift of the supply curve
vino leads to a decrease in the
If the demand is price elastic

Answer 1

Explanation:

Question No. 5

If demand is price elastic

O A1 percent decrease in the price leads to an increase in the a

O A 1 percent increase in the price leads to an increase in the a

The price is very sensitive to any shift of the supply curve

vino leads to a decrease in the

If the demand is price elastic