When the price of tortilla chips rose by 10 percent, the quantity of tortilla chips sold fell 4 percent. This indicates that the demand for tortilla chips is
A) inelastic. B) perfectly inelastic. C) elastic. D) unit elastic.
A
Economics
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The most important source of revenue for the federal government is
A) tax revenue. B) investment income from the Federal Reserve. C) seigniorage. D) import tariffs.
Economics
How is the international economy qualitatively different in the first part of the 21st century from what it was like in the first part of the 20th century?
What will be an ideal response?
Economics