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A decrease in supply will cause the smallest increase in price when both supply and demand are elastic. demand is elastic and supply is inelastic. both supply and demand are ine…

A decrease in supply will cause the smallest increase in price when both supply and demand are elastic. demand is elastic and supply is inelastic. both supply and demand are ine…
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A decrease in supply will cause the smallest increase in price when both supply and demand are elastic. demand is elastic and supply is inelastic. both supply and demand are inelastic. demand is inelastic and supply is elastic.

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User Coffeemug
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8.3k points

1 Answer

4 votes

Answer:

both supply and demand are elastic

answered
User Abresas
by
8.8k points
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