The price of petrol increases by 22% and the sale falls by 25% indicating that demand for petrol is: Options: A . &nbspunitarily elastic B . &nbspelastic C . &nbspinelastic D . &nbspperfectly elastic

The price of petrol increases by 22% and the sale falls by 25% indicating that d

Question

The price of petrol increases by 22% and the sale falls by 25% indicating that demand for petrol is:

Options:

A . unitarily elastic

B . elastic

C . inelastic

D . perfectly elastic

Answer: Option A
:
A
Option : (B)

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