Register
when a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be
174k views
4 votes
when a 10% decrease in price produces more than a 10% increase in quantity sold, the product or service is responsive to price changes and is considered to be

User Erina
by
8.2k points

1 Answer

2 votes
Elastic

Hope it helps you!
User Wonderman
by
8.4k points
Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.5m questions

12.2m answers

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
You sell popcorn during your schools football games. Knowing that the people usually buy more when the price is lower, how would you price your popcorn after halftime?
Identify the advantages and disadvantages of a command economy.
How can life expectancy and literacy rates affect the quality of labor in the economy?
Link Copied!