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TRUE OR FALSE If the percentage change in price is 10 percent and the percentage change in quantity demanded is 5 percent, then the elasticity of demand is equal to 2

TRUE OR FALSE If the percentage change in price is 10 percent and the percentage change in quantity demanded is 5 percent, then the elasticity of demand is equal to 2
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9 votes
TRUE OR FALSE If the percentage change in price is 10 percent and the percentage change in

quantity demanded is 5 percent, then the elasticity of demand is equal to 2

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User Matthias Hamann
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7.8k points

2 Answers

7 votes
this is true aiwiwknw
answered
User Nelek
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8.0k points
12 votes
The answer is true !
answered
User Gwynn
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8.4k points
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