Would a shift in demand have a greater effect on the percentage change in equilibrium quantity for a straight-line supply curve that intersects the quantity axis or the price axis?
A. Price axis because supply will be more elastic.
B. Quantity axis because supply will be less elastic.
C. Quantity axis because supply will be more elastic.
D. Price axis because supply will be less elastic. References
Ans: A. Price axis because supply will be more elastic.
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