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Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767Microeconomics 9th Edition by Stephen Slavin
Edition 9ISBN: 9780077426767 Exercise 33
Demand is elastic if _________
A) percentage change in quantity is greater than percentage change in price
B) percentage change in price is greater than percentage change in quantity
C) percentage change in quantity demand is zero
D) percentage change in price is zero
E) percentage change in quantity is equal to percentage change in price
A) percentage change in quantity is greater than percentage change in price
B) percentage change in price is greater than percentage change in quantity
C) percentage change in quantity demand is zero
D) percentage change in price is zero
E) percentage change in quantity is equal to percentage change in price
Explanation
Verified
Verified
Elastic demand means that the response o...
Microeconomics 9th Edition by Stephen Slavin
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