Exam (elaborations)
ECON 201 EXAM 2 WITH 100% SOLUTION
- Course
- ECON 201 (ECON201)
- Institution
- West Virgina University
ECON 201 EXAM 2 WITH 100% SOLUTION 1. In which of these instances is demand said to be perfectly inelastic? a. A decrease in price of 2% causes a decrease in total revenue of 0%. b. An increase in price of 2% causes a decrease in quantity demanded of 2%. c. A decrease in price of 2% causes ...
[Show more]