The correct statement is: * The higher the price sensitivity, the higher the price. The lower the price sensitivity, the more this leads to the buyer being forced to buy due to the lack of supply. The higher the price sensitivity, the more abundant the supply. All mentioned.
The correct statement is: * The higher the price sensitivity, the higher the price. The lower the price sensitivity, the more this leads to the buyer being forced to buy due to the lack of supply. The higher the price sensitivity, the more abundant the supply. All mentioned.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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