Commerce Short Question | Gkseries

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Question

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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