Suppose that as the price of X falls from $4 to $3 and the quantity of X demandec increases from 1100 to 1200. In this case, what is the type of demand elasticity? Unit elasticity Perfectly elastic Elastic demand Inelastic demand

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Suppose that as the price of X falls from $4 to $3 and the quantity of X demandec
increases from 1100 to 1200. In this case, what is the type of demand elasticity?
Unit elasticity
Perfectly elastic
Elastic demand
Inelastic demand
Transcribed Image Text:Suppose that as the price of X falls from $4 to $3 and the quantity of X demandec increases from 1100 to 1200. In this case, what is the type of demand elasticity? Unit elasticity Perfectly elastic Elastic demand Inelastic demand
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