If the Price Elasticity of Earbud Headphones Is -0

question 58

Multiple Choice

If the price elasticity of earbud headphones is -0.3 and price increases 20%,what happens to the quantity of earbud headphones demanded?

• A)quantity decreases by 26%
• B)quantity decreases by 6%
• C)quantity increases by 15%
• D)quantity increases by 21%

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