Social Studies, 19.09.2019 12:30 bnnn

Abusiness decreases the price of their product by 10%, as a result, consumer demand for the product has also increased by 10%. which term does the scenario best describe?
a. demand elasticity
b. inelastic demand
c. elastic demand
d. unit elastic demand

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Abusiness decreases the price of their product by 10%, as a result, consumer demand for the product...