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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Economics of Money Banking and Financial Markets
Authors: Frederic S. Mishkin
12th edition
134733821, 134733827, 9780134734507 , 978-0134733821
