loanyst2003 loanyst2003
  • 15-02-2024
  • Business
contestada

If the elasticity of demand is 0.5 and the quantity demanded falls by 10 percent, what will happen to the price?

A) It will rise by 20 percent.
B) It will fall by 10 percent.
C) It will remain the same.
D) It is not possible to determine the change in price based on the given information.

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