19)If the price elasticity is between 0 and 1, demand isA) inelastic.B) elastic.C) perfectly elastic.D) unit elastic.

When the Price Elasticity of demand is between zero and one then demand is considered inelastic…

Answered: A) inelastic. B) elastic. C) perfectly…

Business

Economics

A) inelastic. B) elastic. C) perfectly elastic. D) unit elastic.

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter20: Elasticity: Demand And Supply

Section: Chapter Questions

Problem 11E: The price elasticity of the demand for gasoline is -0.02. The price elasticity of demand for...

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19)If the price elasticity is between 0 and 1, demand is

A) inelastic.
B) elastic.
C) perfectly elastic.
D) unit elastic.

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