Multiple Choice
Edt = - 5.This means that if
A) Pt increases by 5 percent,then Qdt will decrease by 1 percent.
B) Qdt increases by 5 percent,Pt will decrease by 1 percent.
C) Pt increases by 1 percent,Qdt will decrease by 5 percent.
D) Pt decreases by $1,Qdt will decrease by 5 units.
Correct Answer:
Verified
Correct Answer:
Verified
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