If the price elasticity of demand is 0.15, and the price is doubled, this will lead to a _______in the quantity demanded
Posted: Wed Jul 06, 2022 6:24 pm
If the price elasticity of demand is 0.15, and the price isdoubled, this will lead to a _______in the quantity demanded
a. 30 percent increase.
b. 15 percent decrease.
c. 0.30 percent increase.
d. 0.15 percent decrease
a. 30 percent increase.
b. 15 percent decrease.
c. 0.30 percent increase.
d. 0.15 percent decrease