Suppose the demand for good X is
.This demand curve has a ________ (constant, variable) elasticity of demand equal to ________.
A) variable; -0.5
B) constant; -0.2
C) constant; -1
D) variable; -2

Question

Suppose the demand for good X is
.This demand curve has a ________ (constant, variable) elasticity of demand equal to ________.
A) variable; -0.5 
B) constant; -0.2 
C) constant; -1 
D) variable; -2

Quizplus · Accepted Answer

The Answer of Suppose the demand for good X is
.This demand curve has a ________ (constant, variable) elasticity of demand equal to ________.
A) variable; -0.5 
B) constant; -0.2 
C) constant; -1 
D) variable; -2

Suppose the Demand for Good X Is