Economics · Elasticity of Demand
If a 6% fall in price causes a 9% increase in demand for a particular item, what is its price elasticity of demand?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Between zero and minus one
- 2Zero
- 3Positive but less than one
- 4More than one✓
Correct answer
More than one
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