If a 5% increase in price leads to an 8% decrease in quantity demanded, demand is
a. perfectly elastic
b. elastic
c. unit elastic
d. inelastic
e. perfectly inelastic
B
Economics
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Contrary to many researchers' views, Hurst (1969) claims the government needed private investors to fund internal improvements
Indicate whether the statement is true or false
Economics
Suppose the foreign exchange market is in equilibrium. Then, the U.S. government increases borrowing, causing American interest rates to increase. What will happen to the price of the Japanese yen? Why?
What will be an ideal response?
Economics