Answered: . Products that have elastic demand…

. Products that have elastic demand will have ______ percentage change in demand compared to the percentage change in price. a. infinite b. lower c. similar d. higher

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter20: Elasticity: Demand And Supply

Section: Chapter Questions

Problem 11E: The price elasticity of the demand for gasoline is -0.02. The price elasticity of demand for...

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36. Products that have elastic demand will have ______ percentage change in demand compared to the percentage change in price.

infinite

lower

similar

higher

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