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A product falls in price by 8% and total expenditure remains unchanged. What time of price elasticity of demand does the product possess ? A. Unitary B. Perfectly inelastic C. Elastic D. Perfectly elastic
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A product falls in price by 8% and total expenditure remains unchanged. What time of price elasticity of demand does the product possess ?

A. Unitary
B. Perfectly inelastic
C. Elastic
D. Perfectly elastic

User Daniele Urania
by
7.7k points

1 Answer

10 votes

Answer:

C

Step-by-step explanation:

User PaulMurrayCbr
by
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