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27 Oct 2018
64) Suppose that, after the price of X decreases to $3 per unit, the consumer chooses point B in the diagram. We can say: A) that the demand curve for X is inelastic. B) that the demand curve for X is unit elastic. C) that the demand curve for X is elastic. D) that the demand curve for X perfectly elastic. E) nothing about the elasticity of the demand curve for X.
64) Suppose that, after the price of X decreases to $3 per unit, the consumer chooses point B in the diagram. We can say: A) that the demand curve for X is inelastic. B) that the demand curve for X is unit elastic. C) that the demand curve for X is elastic. D) that the demand curve for X perfectly elastic. E) nothing about the elasticity of the demand curve for X.
Hubert KochLv2
30 Oct 2018
