Multiple Choice
If the price of hand calculators falls from $10 to $9 and,as a result,the quantity demanded increases from 100 to 125,then:
A) demand is elastic.
B) demand is inelastic.
C) demand is of unit elasticity.
D) not enough information is given to make a statement about elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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