Question
The demand for walnutsis inelastic but not perfectly inelastic if any increase in the price of walnutsresults in a 1 percent decrease in the quantity
The demand for walnutsis inelastic but not perfectly inelastic if
any increase in the price of walnutsresults in a 1 percent decrease in the quantity of walnutsdemanded.
a 5 percent rise in the price of walnutsresults in a 2 percent decrease in the quantity of walnutsdemanded.
a 5 percent rise in the price ofwalnutsresults in no change in the quantity of walnutsdemanded.
a 5 percent rise in the price ofwalnutsresults in a 10 percent decrease in the quantity ofAdemanded.
a 5 percent fall in the price of walnutsresults in an infinite increase in the quantity of walnutsdemanded
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