Multiple Choice
When the price of flowers decreases by 20 percent, Anarosa buys 10 percent more flowers. Anarosa's price elasticity of demand is equal to _____, and her demand is:
A) 2; elastic.
B) 0.5; unit elastic.
C) 0.5; inelastic.
D) 2; inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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