If the Demand for Computers Is Elastic,this Means That

question 120

Multiple Choice

If the demand for computers is elastic,this means that

• A) the price elasticity of demand for computers is greater than 1.
• B) a 1% increase in the price of computers results in a less than 1% decrease in computer sales.
• C) few substitutes exist for computers.
• D) computers are not a necessity.
• E) computers are a common appliance.

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