The price of pens increases from $2 to $2.20. At the same time, the quantity of pens demanded decreases from 100 to 90. Demand for pens is:
A)perfectly inelastic.
B)inelastic.
C)unitary elastic.
D)elastic.

Question

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The Answer of The price of pens increases from $2 to $2.20. At the same time, the quantity of pens demanded decreases from 100 to 90. Demand for pens is:
A)perfectly inelastic.
B)inelastic.
C)unitary elastic.
D)elastic.

The Price of Pens Increases from $2 to $2