If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has Options: A . &nbspInelastic demand B . &nbspUnitarily elastic demand C . &nbspZero elastic demand D . &nbspElastic demand

If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 pe

Question

If the price of 'X' rises by 10 percent and the quantity demanded falls by 10 percent, 'X' has

Options:

A . Inelastic demand

B . Unitarily elastic demand

C . Zero elastic demand

D . Elastic demand

Answer: Option B

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