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Sublight2097 Sublight2097
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Posts: 4132
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9 years ago
If a 50 cent increase in price causes the amount purchased to fall by 50 units per week, we know
A) almost nothing about the price elasticity of demand.
B) demand is relatively elastic.
C) demand is relatively inelastic.
D) demand is unit elastic.
E) the demand does not obey the law of demand.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 174 times
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DropxDropx
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#1
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9 years ago
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Sublight2097 Author
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#2
9 years ago
My mind was going in all different directions trying to figure this one out. Thanks so much.
wrote...
#3
9 years ago
Another success story!

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