f the demand for product X is inelastic, a 4 percent increase in the price of X will OA. decrease the quantity of X demanded by more than 4 % O B. decrease the quantity ofX demanded by less than 4% O C. increase the quantity of X demanded by less than O D. increase the quantity of X demanded by 4% more than 4%

f the demand for product X is inelastic, a 4 percent increase in the price of X will OA. decrease the quantity of X demanded by more than 4 % O B. decrease the quantity ofX demanded by less than 4% O C. increase the quantity of X demanded by less than O D. increase the quantity of X demanded by 4% more than 4%

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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