Homework answers / question archive / percentage increase in quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is a greater than 1

percentage increase in quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is a greater than 1

Economics

Share With

percentage increase in quantity of a commodity demanded is smaller than the percentage fall in its price, the coefficient of price elasticity of demand is a greater than 1.b).equal to 1.c smaller than I di zero 2. If the quantity of a commodity demanded remains unchanged as its price changes, the coefficient of price elasticity of demand is alreater than bequal to 1. schmaller than 1.d.zero. An increase in the price of a commodity when demand is inelastic causes the total expenditures of consumers of the commodity to a) increase, bl decreased remain unchanged. Many of the above.