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Author Question: If a 10% increase in price decreases the quantity demanded by 12%, the price elasticity of demand is 1.2. (Read 97 times)

silviawilliams41

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on: Jul 20, 2019
If a 10% increase in price decreases the quantity demanded by 12%, the price elasticity of demand is 1.2.
◦ true
◦ false
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by silviawilliams41 on Jul 20, 2019

pami445

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Reply #1 on: Jul 20, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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silviawilliams41

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Reply 2 on: Jul 20, 2019
YES! Correct, THANKS for helping me on my review

cassie_ragen

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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