1 Answer

← Prev Question Next Question →

Ask a Question

Jekin Kalariya · Answer 1 · 2024-09-15T14:50:25+0000

Answer:

greater than 1

Step-by-step explanation:

Demand is elastic when the percentage change in the quantity demanded is greater than the percentage change in price, so the price elasticity is greater than 1 in absolute value.

0 Comments

Please log in or register to add a comment.

Please log in or register to answer this question.

1 Answer

0 Comments

Please log in or register to add a comment.

No related questions found

Other Questions