Answer to Question #333598 in Economics for Unknown

Question #333598

If a 5 per cent fall in the price of bananas results in a 2 per cent increase in the quantity of bananas demanded, then the price elasticity of the demand for bananas is relatively low.



A. True


B. False

1
Expert's answer
2022-04-25T16:58:08-0400

A. True


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