Multiple Choice
If the price elasticity of demand for cell phone service is 3,if the price increases by 1%,quantity demanded decreases by:
A) 0.33%.
B) 0.67%.
C) 1.33%.
D) 3%.
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q31: If the demand curve for a good
Q32: If a demand curve is the line
Q33: Antony's Pizza uses the same dough,sauce,and cheese
Q34: Which determines whether a company will earn
Q35: Firms that produce goods with few or
Q37: Firms that produce goods with many substitutes
Q38: For any horizontal demand curve,the calculated price
Q39: If the price elasticity of demand for
Q40: When the demand for a good is
Q79: A perfectly elastic demand curve has a