The price of pens increases from $2 to $2.20. At the same time, the quantity of pens demanded decreases from 100 to 90. Demand for pens is
A) perfectly inelastic.
B) inelastic.
C) unit elastic.
D) elastic.

Question

Quizplus · Accepted Answer

The Answer of The price of pens increases from $2 to $2.20. At the same time, the quantity of pens demanded decreases from 100 to 90. Demand for pens is
A) perfectly inelastic.
B) inelastic.
C) unit elastic.
D) elastic.

The Price of Pens Increases from $2 to $2