Abrow6283 Abrow6283
  • 12-03-2024
  • Business
contestada

The price of milk at the local grocery store rises by 25%, and the quantity demanded falls by 10%. The absolute value of the price elasticity of demand for milk is _____, and demand is _____.

a) 0.4, elastic
b) 2.5, elastic
c) 0.4, inelastic
d) 2.5, inelastic

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