You observe that a 20% decrease in the the shirts results in a 25% increase in the quantity of shirts demanded. You conclude that

Question 29 3.33 pts You observe that a 20% decrease in the the shirts results in a 25% increase in the quantity of shirts demanded. You conclude that O the supply of shirts is inelastic the demand for shirts is inelastic O shirt producers who lower prices will lose revenues. the demand for shirts is elastic