question archive If Linda's income decreases by 15% and her expenditure on DVDs increases by 10%,Linda's price elasticity of demand for DVDs is: A
If Linda's income decreases by 15% and her expenditure on DVDs increases by 10%,Linda's price elasticity of demand for DVDs is: A
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If Linda's income decreases by 15% and her expenditure on DVDs increases by 10%,Linda's price elasticity of demand for DVDs is:
A. inelastic
B. positive
C. cannot be determined from the information given
D. unit elastic
E. highly responsive
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