Multiple Choice
The percentage change in the quantity demanded of film divided by the percentage change in the price of cameras indicates:
A) the price elasticity of demand for film.
B) the price elasticity of demand for cameras.
C) the price elasticity of supply for film.
D) the price elasticity of supply for cameras.
E) nothing, because the two goods fall into the broadly defined category of photographic equipment.
Correct Answer:
Verified
Correct Answer:
Verified
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