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Savatey [412]
2 years ago
11

When the price of fresh fish increases 5%, quantity demanded decreases 10%. The price elasticity of demand for fresh fish is.

SAT
1 answer:
vlada-n [284]2 years ago
5 0

If the price increases 5% and the quantity demanded decreases 10% the product is inelastic.

<h3>What is price elasticity?</h3>

Price elasticity occurs if the demand for a product varies when the product increases/decreases its price.

<h3>How is price elasticity in the product described?</h3>

A product is classified as inelastic if the demand does not change or only changes slightly when there is a change in the price.

This occurs with fish because 5% is a very low percentage and this shows the demand is not changing because the price increased.

Learn more about price in: brainly.com/question/18117910

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<h3>Why has teenage pregnancies has dropped dramatically across all ethnic groups?</h3>

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Also, there has been increased in protective measure by the government to reduce teenage pregnancies, hence, In the past two decades, the number of teenage pregnancies has dropped dramatically across all ethnic groups.

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