question archive 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
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
Subject:EconomicsPrice:2.88 Bought3
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.
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