Question
Suppose a 40 percent increase in the quantity of quinoa demanded is observed as a result of a 10 percent decline in its price. Then
Suppose a 40 percent increase in the quantity of quinoa demanded is observed as a result of a 10 percent decline in its price. Then the price elasticity of demand for quinoa is:
Multiple Choice
- unitary elastic and equal to 1.
- elastic and equal to 0.25.
- inelastic and equal to 0.25.
- elastic and equal to 4.
- inelastic and equal to 4.
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The Strictures Of Inheritance The Dutch Economy In The Nineteenth Century
Authors: Jan Luiten Van Zanden, Arthur Van Riel, Ian Cressie
1st Edition
0691229309, 9780691229300
