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04-03-2020
Mathematics

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Assume the supply curve shifts to the right by a given amount at each price. The price in the market will decline the most if demand is more price-_ and supply is more price-_. elastic; elastic inelastic; elastic elastic; inelastic inelastic; inelastic

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isaacoranseola isaacoranseola

06-03-2020

Answer: c. price inelastic and supply is more price-inelastic.

Step-by-step explanation:

Inelastic price describes the consumers static habit of purchasing irrespective of the rise or fall in price.

Supply inelastic : This is a sitiuation when percentage change in supply is less than a percentage change in price.

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