Multiple Choice
If the price of hand calculators falls from $10 to $9 and, as a result, the quantity demanded increases from 100 to 125, then
A) demand is price elastic.
B) demand is price inelastic.
C) demand is unit elastic with respect to price.
D) not enough information is given to make a statement about elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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