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Other Fields Homework Help Economics Topic started by: Sublight2097 on Jun 20, 2015



Title: Suppose the quantity demanded of milk increases by 15% when milk prices are decreased by 3%. The pri
Post by: Sublight2097 on Jun 20, 2015
Suppose the quantity demanded of milk increases by 15% when milk prices are decreased by 3%. The price elasticity of demand for milk is
A) elastic and equal to 0.2.
B) inelastic and equal to 0.2.
C) elastic and equal to 5.
D) inelastic and equal to 5.


Title: Re: Suppose the quantity demanded of milk increases by 15% when milk prices are decreased by 3%. The
Post by: Dropx on Aug 18, 2015
Content hidden


Title: Re: Suppose the quantity demanded of milk increases by 15% when milk prices are decreased by 3%. The pri
Post by: Sublight2097 on Aug 31, 2015
I've noticed they use a lot of trickery with their questions. Thank you for your input.


Title: Re: Suppose the quantity demanded of milk increases by 15% when milk prices are decreased by 3%. The pri
Post by: Dropx on Aug 31, 2015
Another success story!

I'm proud 8-)