Less responsive consumers are to change in price of product

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Reference no: EM13896866

The less responsive consumers are to a change in the price of a product, _____.

a. the more price-inelastic is the demand curve

b. the more income-inelastic is the demand curve

c. the more price-elastic is the supply curve

d. the more price-elastic is the demand curve

e. the more income-elastic is the supply curve

Reference no: EM13896866

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