Question
A 15 percentage increase in the price of a T-shirt which leads to a 10 percent decrease in thequantity demanded for T-shirts means that: Select
A 15 percentage increase in the price of a T-shirt which leads to a 10 percent decrease in thequantity demanded for T-shirts means that:
Select one:
A.the demand curve is unitary elastic
B.the demand curve is inelastic
C.the demand curve is elastic
D.the supply curve is elastic
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Technical Change, Relative Prices, And Environmental Resource Evaluation
Authors: V Kerry Smith
1st Edition
1317358570, 9781317358572
