The List Below Refers to the Price Elasticity of Demand

question 89

Multiple Choice

The list below refers to the price elasticity of demand.
1) perfectly inelastic
2) perfectly elastic
3) unitary elasticity
4) elastic
5) inelastic
-Refer to the information above to answer this question.What is a demand when the elasticity coefficient is greater than 1?

• A)1.
• B)2.
• C)3.
• D)4.
• E)5.

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