A 4 percent reduction in the price of a product has zero effect on the dollar amount of consumer expenditure...
divstyA 4 percent reduction in the price of a product has zero effect on the dollar amount of consumer expenditure on the product. What would the price elasticity of demand be?
A. zero
B. greater than zero
c. greater than zero but less than 1
d. equal to 1
13 years ago
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