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inna [77]
3 years ago
10

Determine the price elasticity of demand if, in response to an increase in price of 10 percent, quantity demanded decreases by 2

0 percent.
Business
1 answer:
valkas [14]3 years ago
8 0
<span>The price elasticity of demand would be -2. When you divide the change in quantity demanded (-20%) by the change in price (10%), as is required to obtain the price elasticity of demand, you get this result.</span>
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IgorLugansk [536]
If the government spends more money, but doesn't increase taxes, they have to borrow money from other countries in order to spend it. If we borrow money from other countries, then our country owes their country. When we owe something, that is called debt.
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The record of the absolute money supply is kept by the Central Bank of the country.

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1 year ago
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nikitadnepr [17]

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Answer:

The answer is True.

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