1) if the price of orange juice rise 10% , and a as result quantity demanded falls by 10% , then one can conclude that the demand for orange juice (a) is perfectly elastic (b) is inelastic (c) has a constant elasticity (d) has a unitary elasticity
1) if the price of orange juice rise 10% , and a as result quantity demanded falls by 10% , then one can conclude that the demand for orange juice (a) is perfectly elastic (b) is inelastic (c) has a constant elasticity (d) has a unitary elasticity
Micro Economics For Today
10th Edition
ISBN:9781337613064
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter5: Price Elasticity Of Demand And Supply
Section: Chapter Questions
Problem 2SQ
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(1) if the price of orange juice rise 10% , and a as result quantity demanded falls by 10% , then one can conclude that the
(a) is perfectly elastic
(b) is inelastic
(c) has a constant elasticity
(d) has a unitary elasticity
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