One market has an elastic demand for a good. In a second market, the demand is inelastic. Everything else is the same in the two markets. An increase in supply will ______________ the equilibrium quantity the most in the ______________ market.

a

increase; first

b

decrease; first

c

increase; second

d

decrease; second

e

increase; we cannot tell in which market the change will be the greatest, it depends upon the elasticity of supply