Question: 12. If demand is elastic, a. a supply shift will have a bigger effect on price than quantity. b. a supply shift will have a

12. If demand is elastic, a. a supply shift will have a bigger effect on price than quantity. b. a supply shift will have a bigger effect on quantity than price. c. the demand curve will be relatively flat. d. both B and C. 13. A demand shift affects a. sellers' willingness to purchase at various prices. b. buyers' willingness to purchase at various prices. c. businesses only. d. government intervention

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