Multiple Choice
If the price of hairbrushes decreases by 20 percent,the quantity demanded increases by 2 percent.The price elasticity of demand is:
A) 0.1, and is elastic.
B) 10 and is elastic.
C) 0.1 and is inelastic.
D) 10 and is inelastic.
Correct Answer:
Verified
Correct Answer:
Verified
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