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Home Q & A Board Other Fields Homework Help Business Economics
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Ryanteck Ryanteck
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6 years ago
When the price of fresh fish increases 10%, quantity demanded decreases 5%. The price elasticity of demand for fresh fish is ________ and total revenue from fresh fish sales will ________.
A) inelastic; decrease
B) elastic; decrease
C) inelastic; increase
D) elastic; increase
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DeToXiFYDeToXiFY
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6 years ago
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Ryanteck Author
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6 years ago
You make an excellent tutor!
zbmallo3
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Yesterday
Correct Slight Smile TY
wyq2651
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2 hours ago
Thanks
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