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Social StudiesSocial Studies
19 August, 11:49

If an increase in the supply of fish causes a huge decrease in the price of fish, we can assume:

A. that demand is very elastic

. B. nothing useful.

C. that total revenue fell for fish suppliers.

D. that demand is very inelastic.

E. that demand is unit elastic.

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Answers (1)
  1. 19 August, 12:47
    0
    A because it is always changing depending on the supply the demand is dependent on the supply
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Home » Social Studies » If an increase in the supply of fish causes a huge decrease in the price of fish, we can assume: A. that demand is very elastic . B. nothing useful. C. that total revenue fell for fish suppliers. D. that demand is very inelastic. E.
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