If the price elasticity of demand for a good is... - JAMB Economics 2018 Question
If the price elasticity of demand for a good is 0.43 an increase in the price of the good will result in____________
A
a decrease in profit by 43%
B
an increase in profit by 43%
C
a net loss
D
a net gain
correct option: a
Please share this, thanks:
Add your answer
No responses