- 搜标题
- 搜题干
- 搜选项
单项选择题
If price elasticity of demand is 2.0, this implies that consumers would ( )
A．buy twice as much of the good if price falls by 10 percent.
B．require a 2 percent cut in price to raise quantity demanded of the good by 1 percent.
C．buy 2 percent more of the good in response to a 1 percent cut in price.
D．require at least a $2 increase in price before showing any response to the price increase.
B．require a 2 percent cut in price to raise quantity demanded of the good by 1 percent.
C．buy 2 percent more of the good in response to a 1 percent cut in price.
D．require at least a $2 increase in price before showing any response to the price increase.
