When the price elasticity of demand for a good is greater than-08992
When the price elasticity of demand for a good is greater than 1, we say that the demand is:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Mid Term - Quiz No.5.
When the price elasticity of demand for a good is greater than 1, we say that the demand is:
Increasing.
Decreasing.
Elastic.
Inelastic.
