Demand is said to be elastic when the – McqOptions

MCQOPTIONS

1.	Demand is said to be elastic when the
A.	change in quantity demanded is less than the change in price
B.	change in quantity demanded is greater than the change in price
C.	percentage change in quantity demanded is greater than the percentage change in price
D.	percentage change in quantity demanded is less than the percentage change in price
Answer» C. percentage change in quantity demanded is greater than the percentage change in price

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