ECON201 - Fall 2021 Section B Simon Girard A | 09/29/21 12:18 AM HW Score: 0%, O of 30 points 0 Points: 0 of 1 Homework: Lab 4 Question 4, 4.1 Study Ex... Suppose a stamp dealer buys the only two existing copies of a stamp at an auction. After the purchase, the dealer goes to the front of the room and burns one of the stamps in front of the shocked audience. In order for this to be a wealth-maximizing action, the dealer must believe that the O A. supply is very elastic (at) so the value of his purchase will rise sharply when demand rises. O B. supply is very inelastic (at) so the value of his purchase will rise sharply when demand falls. 0 C. demand is very elastic (steep) so the value of his purchase will rise sharply when supply falls. 0 D. demand is very inelastic (steep) so the value of his purchase will rise sharply when supply falls