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Tidy Tidy
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Posts: 4852
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9 years ago
If the demand for a steak is unit-elastic, then
A) the percentage change in quantity demanded is 1 percent greater than the percentage change in price.
B) the percentage change in quantity demanded is equal to the percentage change in price.
C) the percentage change in quantity demanded is 100 percent greater than the percentage change in price (in absolute value).
D) quantity demanded does not respond to changes in price.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 455 times
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Repeat after me: 'Calm down. Things are gonna be fine. Things are gonna be all great. Just relax.' Wink Face
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Chimelo46Chimelo46
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9 years ago
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#2
9 years ago
The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face
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