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18) If the price elasticity of demand is 2, then a 1 percent fall in price A) increases the quantity demanded by 2 percent. B) decreases the quantity demanded by half. C) increases the quantity demanded by 0.5 percent. D) doubles the quantity demanded. E) decreases the quantity demanded by 2 percent.
18) If the price elasticity of demand is 2, then a 1 percent fall in price A) increases the quantity demanded by 2 percent. B) decreases the quantity demanded by half. C) increases the quantity demanded by 0.5 percent. D) doubles the quantity demanded. E) decreases the quantity demanded by 2 percent.
Jamar FerryLv2
20 Nov 2018
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