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When the market price of a good decreases by 15 percent, the quantity demanded increases by 15 percent. What does this indicate about the elasticity
When the market price of a good decreases by 15 percent, the quantity demanded increases by 15 percent. What does this indicate about the elasticity of demand? Group of answer choices Supply of the good is elastic. Demand for the good is perfectly elastic. Demand for the good is unit elastic. Demand for the good is perfectly inelastic.When the market price of a good decreases by 15 percent, the quantity demanded increases by 15 percent. What does this indicate about the elasticity of demand? Group of answer choices Supply of the good is elastic. Demand for the good is perfectly elastic. Demand for the good is unit elastic. Demand for the good is perfectly inelastic
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