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hiusy98 hiusy98
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8 years ago
At a price of $5, consumers buy 200 units of good X. When the price falls to $4, quantity demanded increases to 250 units. We can conclude that over this range, demand is:
A) elastic.
B) unit elastic.
C) inelastic.
D) perfectly inelastic.
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Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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andyborziandyborzi
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8 years ago
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hiusy98 Author
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#2
8 years ago
I owe you my life lol
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