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Tidy Tidy
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9 years ago
If the percentage change in the quantity of teapots demanded is greater than the percentage change in the price of teapots, then
A) the price elasticity of demand for teapots is greater than 1 in absolute value.
B) the demand for teapots is unit-elastic.
C) the price elasticity of demand for teapots is equal to zero.
D) the price elasticity of demand for teapots is less than 1 in absolute value.
Textbook 
Essentials of Economics

Essentials of Economics


Edition: 4th
Authors:
Read 355 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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8 years ago
The textbook reference in your signature really helped me narrow it down.

Happy to help Wink Face
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