Increase in supply in both markets

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Reference no: EM133131627

1. If the demand for good A is more elastic than the demand for good B, a small increase in supply in both markets will cause

a. a much greater increase in the equilibrium quantity of good A than for good B

b. a much greater increase in the equilibrium quantity of good B than for good A

c. the equilibrium quantity will decrease by the same amount in both markets

d. only the equilibrium quantity of good B will decrease

e. only the equilibrium quantity of good A will decrease

Reference no: EM133131627

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