If the Price of Hand Calculators Falls from $10 to $9

question 347

Multiple Choice

If the price of hand calculators falls from $10 to $9 and, as a result, the quantity demanded increases from 100 to 125, then

• A)demand is price elastic.
• B)demand is price inelastic.
• C)demand is unit elastic with respect to price.
• D)not enough information is given to make a statement about elasticity.

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