7- If the percentage change in the quantity demanded of a good is greater than t

Question

7- If the percentage change in the quantity demanded of a good is greater than the percentage change in price, price elasticity of demand is: Question 7 options:
a- elastic.
b- inelastic.
c- perfectly inelastic.
d- perfectly elastic. 7- If the percentage change in the quantity demanded of a good is greater than the percentage change in price, price elasticity of demand is: 7- If the percentage change in the quantity demanded of a good is greater than the percentage change in price, price elasticity of demand is:
a- elastic.
b- inelastic.
c- perfectly inelastic.
d- perfectly elastic. a- elastic. b- inelastic. c- perfectly inelastic. d- perfectly elastic.
a- elastic.
b- inelastic.
c- perfectly inelastic.
d- perfectly elastic.

Explanation / Answer

a- elastic.
a- elastic.

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