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When the price increases by 20% and the quantity demanded drops by 20%, the price elasticity of demand is a. perfectly inelastic. b. relatively inelastic. c. perfectly inelastic. d. relatively elastic.
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When the price increases by 20% and the quantity demanded drops by 20%, the price elasticity of demand is

a. perfectly inelastic.
b. relatively inelastic.
c. perfectly inelastic.
d. relatively elastic.
e. unitary elastic.

User James Gupta
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7.5k points

1 Answer

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I think it’s e. Unitary elastic
User Evelin
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