AndrewHenriquezGiron AndrewHenriquezGiron

03-09-2021
Advanced Placement (AP)

contestada

When the price increases by 20% and the quantity demanded drops by 20%, the price elasticity of demand is

a. perfectly inelastic.
b. relatively inelastic.
c. perfectly inelastic.
d. relatively elastic.
e. unitary elastic.

Respuesta :

dventura0722 dventura0722

03-09-2021

I think it’s e. Unitary elastic

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