A rightward shift of the supply curve,
leading to a price decrease of the price
of wallets from R45 to R35 and an
increase in the quantity demanded from
300 000 to 350 000, shows that
Select one;
a. the supply of wallets is inelastic
b. the supply of wallets is elastic
c. the demand for walletsis «
inelastic
d. the demand for wallets is
elastic
leading to a price decrease of the price
of wallets from R45 to R35 and an
increase in the quantity demanded from
300 000 to 350 000, shows that
Select one;
a. the supply of wallets is inelastic
b. the supply of wallets is elastic
c. the demand for walletsis «
inelastic
d. the demand for wallets is
elastic
