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Sublight2097 Sublight2097
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Posts: 4132
8 years ago
When the price of pizzle trees increased by 20 percent last year, consumers ended up spending 10 percent more on the purchase of pizzle trees. This shows that the demand for pizzle trees
A) was elastic.
B) was inelastic.
C) was unit elastic.
D) did not obey the law of demand.
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
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DropxDropx
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Posts: 1991
8 years ago
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Sublight2097 Author
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8 years ago
Another one in the books, marking it solved.
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8 years ago
Another success story!

I'm proud Smiling Face with Glasses
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8 years ago
Thank you for the help on this question!
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