If the Percentage Change in Price Is 10 Percent and the Demand

question 195

Multiple Choice

If the percentage change in price is 10 percent and the demand is elastic,then the percentage change in the quantity demanded

• A) is greater than 0 percent but less than 10 percent.
• B) is larger than 10 percent.
• C) equals 0 percent.
• D) equals 10 percent.
• E) More information is needed to determine the magnitude of the change in the quantity demanded.