Give explaination also

Consider the Price-Setting curve in a given market. For each market change, and holding all else equal, indicate the way the PS line responds. The demand elasticity goes down, meaning that demand becomes less sensitive to price changes. J [Choose] The PS line goes up The PS line does not move Competition increases in the rm's The PS line goes down market A new technology is introduced . [ Choose ] v Increases the average product of labor A demography shock reduces the size [Choose] V of the labor force