Multiple Choice
Dan sells newspapers. Dan says that a 4 per cent increase in the price of a newspaper will decrease the quantity of newspapers demanded by 8 per cent. According to Dan, the demand for newspapers is _______.
A) elastic
B) perfectly elastic
C) unit elastic
D) inelastic
Correct Answer:
Verified
Correct Answer:
Verified
Q33: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The table above
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB4952/.jpg" alt=" -The above figure
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