Business, 29.07.2019 16:10 francisco42002
If the percentage change in the quantity of teapots demanded is greater than the percentage change in the price of teapots, then: a) the price elasticity of demand for teapots is greater than 1 in absolute value. b) the demand for teapots is unit-elastic. c) the price elasticity of demand for teapots is equal to zero. d) the price elasticity of demand for teapots is less than 1 in absolute value.
Answers: 1
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