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Loraine Loraine
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8 years ago
If a 2 percent change in price leads to a ________ percent change in the quantity demanded, then demand is ________.
A) 2; elastic
B) 1; unit elastic
C) 3; inelastic
D) 4; elastic
E) 0; perfectly elastic
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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SmooothSmoooth
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8 years ago
Don't mention it Happy Dummy
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