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Other Fields Homework Help Economics Topic started by: Blondebombshell on Aug 20, 2018



Title: If a 10 percent change in the price of a good caused a 10 percent change in the quantity demanded of ...
Post by: Blondebombshell on Aug 20, 2018
If a 10 percent change in the price of a good caused a 10 percent change in the quantity demanded of the good, we would say that over this range of prices the good has a(n)
A) elastic demand.
B) inelastic demand.
C) perfectly elastic demand.
D) unit elasticity of demand.


Title: If a 10 percent change in the price of a good caused a 10 percent change in the quantity demanded of ...
Post by: pencils13 on Aug 20, 2018
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Title: If a 10 percent change in the price of a good caused a 10 percent change in the quantity demanded of ...
Post by: Blondebombshell on Aug 20, 2018
Just confirmed the same answer from my friend, thanks