Limited access

Upgrade to access all content for this subject

If the elasticity of demand coefficient for sunglasses is $0.25$, which of the following price changes would decrease the quantity demanded by $10\%$?

A

Decrease by $4\%$.

B

Increase by $4\%$.

C

Decrease by $40\%$.

D

Increase by $40\%$.

E

Increase by $10\%$.

Select an assignment template