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Commerce Short Question | Gkseries

Q.

The impact of the price variation is to change :

[A] the degree of elasticity of demand as well as the degree of the elasticity of supply in the same direction.
[B] the degree of the elasticity of demand as well as the degree of the elasticity of supply in the inverse direction.
[C] the degree of the elasticity of demand but not the degree of the elasticity of supply
[D] the degree of the elasticity of supply but not the degree of the elasticity of demand
Answer & Explanation

Answer: the degree of the elasticity of demand as well as the degree of the elasticity of supply in the inverse direction.

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