Economnics Question 20

Economics
Tutor: None Selected Time limit: 1 Day

Feb 9th, 2015

True. Inelastic implies that quantity demanded does not change with price change. SO, in this scenario the change in price should be smaller and smaller the more inelastic the good is. 

Feb 9th, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Feb 9th, 2015
...
Feb 9th, 2015
Dec 4th, 2016
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer