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If demand is more elastic than supply, who will get the larger share of benefits?

Q: Answer-If demand is more elastic than supply, who will get the larger share of benefits?

Consumers - If demand is more elastic than supply, consumers tend to reap larger benefits, such as paying lower prices, from transactions because they have more substitutes available and can respond more to price changes.

A Producers

B Consumers

C Equal benefit to consumers and producers

D The middle man

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If demand is more elastic than supply, who will get the larger share of benefits?

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