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



Title: If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
Post by: Loraine on Jun 20, 2015
If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
A) elastic.
B) perfectly inelastic.
C) perfectly elastic.
D) inelastic.
E) unit elastic.


Title: Re: If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand
Post by: Chimelo46 on Aug 14, 2015
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Title: Re: If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
Post by: Chimelo46 on Aug 31, 2015
Happy to assist!