A demand curve is price elastic when-08785
A demand curve is price elastic when
This multiple choice question (MCQ) is related to the book/course vu eco401 Economics. It can also be found in vu eco401 Final Term - Quiz No.3.
A demand curve is price elastic when
Changes in demand are proportionately greater than changes in price
Changes in demand are equal to changes in price
None of the given options
Changes in demand are proportionately smaller than changes in price