Multiple Choice
If a firm can sell 3,000 units of product A at $10 per unit and 5,000 at $8, then
A) the price elasticity of demand is 0.44.
B) A is a complementary good.
C) the price elasticity of demand is 2.25.
D) A is an inferior good.
Correct Answer:
Verified
Correct Answer:
Verified
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