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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
Will a large increase in the demand for a good cause a large increase in its price?
A) No; an increased demand is associated with lower prices.
B) Not if the demand for the good is highly elastic.
C) Not if the demand for the good is highly inelastic.
D) Not if the supply of the good is highly elastic.
E) Not if the supply of the good is highly inelastic.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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#1
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8 years ago
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Sublight2097 Author
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#2
8 years ago
I've noticed they use a lot of trickery with their questions. Thank you for your input.
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#3
8 years ago
Happy to help, let me know if you have any more requests.
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