The price of the product A was reduced from 100 to 90 l - Practice (English) | ObjectiveMcq

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The price of the product A was reduced from 100 to 90 l - Practice (English) | ObjectiveMcq

PracticeBusiness ManagementMicroeconomicsThe price of the product A was redu...

Microeconomics Business ManagementEasy

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The price of the product A was reduced from 100 to 90 lei and, as a result, the quantity demanded has increased from 70 to 75 units. The demand is:

Correct Answer:

(D) inelastic

Explanation:

inelastic

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