If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then
What will be an ideal response?
the price elasticity of demand is zero.
Economics
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One reason why many low-income countries experience low rates of growth is because of low rates of saving and investment in those countries
Indicate whether the statement is true or false
Economics
The level of the exports of U.S. goods and services amounted to ________ trillion, or 14% of GDP in 2011
a. 2.1 b. 3.1 c. 4.1 d. 5.1
Economics