Solved

The Price of Plums Falls by 7 Percent and Quantity

Question 33

Multiple Choice

The price of plums falls by 7 percent and quantity of plums demanded increases by 6.75 percent. We conclude that the demand for plums is

A) inelastic.
B) perfectly elastic.
C) perfectly inelastic.
D) elastic.
E) unit elastic.

Related Questions

Q6: Demand is perfectly inelastic when<br>A)a good has

Q22: If the supply curve passes through the

Q28: If a rise in price results in

Q31: Use the table below to answer the

Q32: A decrease in tuition fees will decrease

Q37: Suppose there is an increase in the

Q38: If a turnip is a normal good

Q116: Fred's income increases from $800 per week

Q136: In the nation of Transporta,the income elasticity

Q146: A horizontal supply curve<br>A)is impossible except in