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Title: If the price elasticity of demand for clothing is 0.64, this implies that Post by: Lauren1 on Nov 11, 2014 If the price elasticity of demand for clothing is 0.64, this implies that
A) a 6.4 percent increase in price the price of clothing leads to a 10 percent decrease in the quantity demanded. B) a 10 percent increase in the price of clothing leads to a 6.4 percent decrease in the quantity demanded. C) if there is an increase in the price of clothing the total expenditures on clothing decreases. D) Both answers A and C are correct. Title: Re: If the price elasticity of demand for clothing is 0.64, this implies that Post by: MrDereche on Nov 15, 2014 Content hidden
Title: Re: If the price elasticity of demand for clothing is 0.64, this implies that Post by: Lauren1 on Nov 17, 2014 Thank you, this really, really helps :heart:
Title: Re: If the price elasticity of demand for clothing is 0.64, this implies that Post by: MrDereche on Nov 17, 2014 You're welcome!
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