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Explain clearly QUESTION 25 A price elasticity of 3 indicates that a: 3% increase in price will increase Qd(sales) 1% ( b. ]% increase in

Explain clearly

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QUESTION 25 A price elasticity of 3 indicates that a: 3% increase in price will increase Qd(sales) 1% ( b. ]% increase in price will decrease Qd(sales) 1% Of 1% increase in price will decrease Qdjsales) 3% O d. i'm decrease in price will decrease Qdisales) 3% QUESTION 26 Based upon the determinants of demand elasticity. the price elasticity for toothpaste would bet OF perfectly inelastic OUplastic Of inelastic Ofunitary elastic

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