Multiple Choice
When quantity moves proportionally the same amount as price,what can be said of demand and its price elasticity
A) Demand is unit elastic and the price elasticity of demand is 0.
B) Demand is perfectly inelastic and the price elasticity of demand is 1.
C) Demand is perfectly inelastic and the price elasticity of demand is 0.
D) Demand is unit elastic and the price elasticity of demand is 1.
Correct Answer:
Verified
Correct Answer:
Verified
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