If
a 35 percent increase in price of golf balls led to an 42 percent
decrease in quantity demanded, then the demand for golf balls is
A. perfectly elastic.
B. relatively inelastic.
C. unit-elastic.
D. relatively elastic.
A. perfectly elastic.
B. relatively inelastic.
C. unit-elastic.
D. relatively elastic.
No comments:
Post a Comment
Note: only a member of this blog may post a comment.