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If the price of oil increases by 50% but consumption decreases by 25%, then the demand for oil is elastic. False True

If the price of oil increases by 50% but consumption decreases by 25%, then the demand for oil is elastic. False True
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15 votes
If the price of oil increases by 50% but consumption decreases by 25%, then the demand for oil is elastic.

False

True

User Schwusch
by
7.9k points

1 Answer

5 votes
False is the right answe choose it
User Mahkitah
by
8.0k points
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