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Home Q & A Board Other Fields Homework Help Business Economics
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thanhha78 thanhha78
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7 years ago
Suppose that the elasticity of demand for a product is 0.5 and price decreases by 20%. By what percentage will quantity demanded increase?
A) 0.5%
B) 5%
C) 10%
D) 40%
Textbook 
Survey of Economics: Principles, Applications and Tools

Survey of Economics: Principles, Applications and Tools


Edition: 6th
Authors:
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Lightman030Lightman030
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thanhha78 Author
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#2
6 years ago
thnkkkkk .. always right
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