question archive If the price elasticity of demand for good A is -?4, then a? 2% increase in A
If the price elasticity of demand for good A is -?4, then a? 2% increase in A
Subject:EconomicsPrice: Bought3
If the price elasticity of demand for good A is
-?4, then a? 2% increase in
A.
consumer income will result in a? 2% increase in the demand for good A.
B.
the market price of good A will result in an? 8% increase in the quantity demanded of good A .
C.
the market price of good A will result in an? 8% decrease in the quantity demanded of good A .
D.
consumer income will result in a? 2% decrease in the demand for good A.
