If a 30 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
A) inelastic.
B) elastic.
C) unit elastic.
D) perfectly elastic.
E) perfectly inelastic.
A
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What will be an ideal response?
According to the text, which of the following factors may make the theory of purchasing power parity unrealistic?
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What will be an ideal response?
An optimizing consumer will select the consumption bundle in which the
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