Question
When the price of a product is increased by 10%, and the quantity demanded decreases by 25%, we can conclude that in this price range,
When the price of a product is increased by 10%, and the quantity demanded decreases by 25%, we can conclude that in this price range, demand for this product is. . .
elastic
unit elastic
cross-elastic
inelastic
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Labor Economics
Authors: George J. Borjas
6th edition
73523208, 2900073523209 , 978-0073523200
