Question
If a 2 per cent change in price leads to a ________ per cent change in the quantity demanded, then demand is ________. a.1; unit
If a 2 per cent change in price leads to a ________ per cent change in the quantity demanded, then demand is ________.
a.1; unit elastic
b.2; elastic
c.0; perfectly elastic
d.1; inelastic
e.3; inelastic
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Smith and Roberson Business Law
Authors: Richard A. Mann, Barry S. Roberts
15th Edition
1285141903, 1285141903, 9781285141909, 978-0538473637
