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Other Fields Homework Help Economics Topic started by: suiren on Mar 3, 2019



Title: When the absolute price elasticity of demand is less than 1, demand is
Post by: suiren on Mar 3, 2019

Question 1.

When the absolute price elasticity of demand is greater than 1, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.

Question 2.

When the absolute price elasticity of demand is less than 1, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.


Title: When the absolute price elasticity of demand is less than 1, demand is
Post by: abonaccorso1 on Mar 3, 2019

Answer 1

elastic.

Answer 2

inelastic.