Register

10. The price elasticity of demand for a good is -1.8. If the price of the good increases by 10%, the quantity demanded will: a) increase by 1.8% b) decrease by 1.8% c) increase…

10. The price elasticity of demand for a good is -1.8. If the price of the good increases by 10%, the quantity demanded will: a) increase by 1.8% b) decrease by 1.8% c) increase…
99.9k views
4 votes
10. The price elasticity of demand for a good is -1.8.

If the price of the good increases by 10%, the quantity demanded
will:
a) increase by 1.8%
b) decrease by 1.8%
c) increase by 18%
d) decrease by

User Ellisdod
by
7.6k points

1 Answer

4 votes
B is the correct answer
User Vismark Juarez
by
8.4k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was the boy who  became king at the age of 9?
Why did people immigrate to the United States in the late 1800s?
Why did the slogan Peace Land and Bread appeal to the Russian people?
Link Copied!