If price elasticity is 3.25, then demand is
A) inelastic.
B) elastic.
C) unitary.
D) negative.
Correct Answer:
Verified
Q6: In general, elasticities measure
A)the change in quantity
Q7: The presence of substitute goods will tend
Q8: If something is addictive, then
A)price and demand
Q9: If price is cut and demand is
Q10: According to the case, price has a
Q12: Companies spend _ on pricing decisions.
A)too much
Q13: If price is cut and demand is
Q14: If demand is perfectly elastic,
A)the smallest increase
Q15: If price is cut and demand is
Q16: If demand is perfectly elastic, then
A)demand and
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