19- A 10 percent rise in the price of housing reduces the quantity demanded of h

Question

19- A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is: Question 35 options:
a- inelastic.
b- elastic.
c- unitary elastic.
d- perfectly elastic. 19- A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is: 19- A 10 percent rise in the price of housing reduces the quantity demanded of housing by 3 percent. We can conclude that the demand for housing is:
a- inelastic.
b- elastic.
c- unitary elastic.
d- perfectly elastic. a- inelastic. b- elastic. c- unitary elastic. d- perfectly elastic.
a- inelastic.
b- elastic.
c- unitary elastic.
d- perfectly elastic.

Explanation / Answer

b- elastic.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.