Multiple Choice
If the demand for a good is unit elastic, then
A) the percentage change in quantity demanded is greater than the percentage change in price.
B) the percentage change in quantity demanded is less than the percentage change in price.
C) the percentage change in quantity demanded is equal to the percentage change in price.
D) quantity demanded is extremely responsive to changes in price.
E) quantity demanded is not responsive to changes in price.
Correct Answer:
Verified
Correct Answer:
Verified
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Q165: Exhibit 19-2<br><br> <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB6992/.jpg" alt="Exhibit 19-2
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