Multiple Choice
If SA T-Shirt Co. lowers its price from R60 to R50 and finds that students increase their quantity demanded from 400 to 600 T-shirts per month, then the demand for SA T-shirts within this price range is
A) price inelastic.
B) price elastic.
C) unit elastic.
D) cross elastic.
Correct Answer:
Verified
Correct Answer:
Verified
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