A. in response to a price increase is less elastic than the elasticity of demand in response to a price decrease
B. is perfectly elastic if price increases and perfectly inelastic if price decreases
C. is constant regardless of whether price increase of decrease.
D. in response to a price increases is more elastic than the elasticity of demand in response to a price decrease
Correct Answer: in response to a price increases is more elastic than the elasticity of demand in response to a price decrease ✔
Last Updated: June 18, 2019