If the percentage change in quantity demand for milk is same as-09149
If the percentage change in quantity demand for milk is same as the percentage change in price of milk then the price elasticity of demand for milk is:
This multiple choice question (MCQ) is related to the book/course vu eco402 Microeconomics. It can also be found in vu eco402 Final Term - Quiz No.7.
If the percentage change in quantity demand for milk is same as the percentage change in price of milk then the price elasticity of demand for milk is:
Elastic
Inelastic
Unitary elastic
Perfectly elastic