Top Posters
Since Sunday
5
o
5
4
m
4
b
4
x
4
a
4
l
4
t
4
S
4
m
3
s
3
New Topic  
stars_and_moon stars_and_moon
wrote...
Posts: 3218
7 years ago
When the price of earrings increases by 4%, the quantity demanded of earrings falls by 8%. Which of the following statements is true?
A) Elasticity = 2 and earrings are inelastic.
B) Elasticity = 0.5 and earrings are elastic.
C) Elasticity = 2 and earrings are elastic.
D) Elasticity = 0.5 and earrings are inelastic.
Read 125 times
3 Replies
Replies
Answer verified by a subject expert
kingbykingby
wrote...
Top Poster
Posts: 3218
7 years ago
Sign in or Sign up in seconds to unlock everything for free
1

Related Topics

wrote...
7 years ago
Incredible!
wrote...
7 years ago
Great! Now we can move on to the next one
New Topic      
Explore
Post your homework questions and get free online help from our incredible volunteers
  833 People Browsing
 116 Signed Up Today
Related Images
  
 4415
  
 80
  
 92