Multiple Choice
If the percentage change in quantity demanded is greater than the percentage change in price,we would say that over this range,demand is:
A) elastic.
B) unit elastic.
C) inelastic.
D) perfectly inelastic.
Correct Answer:

Verified
Correct Answer:
Verified
Related Questions
Q21: Provide a simple definition of the price
Q22: Demand for a good will tend to
Q23: A decrease in price will result in
Q24: Suppose the price of movies seen at
Q25: The available data strongly suggest that,as the
Q27: The income elasticity of demand for health
Q28: When a demand curve is perfectly elastic:<br>A)marginal
Q29: Assuming the inverse demand function for good
Q30: Information on the price elasticity of demand
Q31: Which of the following statements is correct?<br>A)In