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If price elasticity of demand is 0.5, it follows that a _______ percent decrease in price would cause a _______ percent increase in quantity demanded.
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If price elasticity of demand is 0.5, it follows that a _______ percent decrease in price would cause a _______ percent increase in quantity demanded.
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Feb 4, 2018
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If price elasticity of demand is 0.5, it follows that a _______ percent decrease in price would cause a _______ percent increase in quantity demanded.
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A 5% percent decrease in Price would result in a 5% percent increas in demand i think..
Robbie Guilfoyle
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Feb 9, 2018
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