The price of petrol increases by 22% and the sale falls by 25% indicating that demand for petrol is: Options: A . &nbsp unitarily elastic B . &nbsp elastic C . &nbsp inelastic D . &nbsp perfectly elastic

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

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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