If the absolute value of the price elasticity of demand for cell phone service is 3, then if the price of cell phone service increases by 1%, quantity demanded would:

浏览:355

If the absolute value of the price elasticity of demand for cell phone service is 3, then if the price of cell phone service increases by 1%, quantity demanded would:

A.decrease by 3%.

B.increase by 3%.

C.decrease by 0.33%.

D.increase by 0.33%.

正确答案:decrease by 3%.

拍照、语音快速搜题神器
点击继续查找该题库答案

发表评论