When Quantity Moves Proportionately the Same Amount as Price,demand Is

question 87

Multiple Choice

When quantity moves proportionately the same amount as price,demand is

• A)elastic,and the price elasticity of demand is 1.
• B)perfectly elastic,and the price elasticity of demand is infinitely large.
• C)perfectly inelastic,and the price elasticity of demand is 0.
• D)unit elastic,and the price elasticity of demand is 1.

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