If the price of a candy bar goes from 1 to 2 and the, Ask an Expert

Economics

If the price of a candy bar goes from $1 to $2 and the quantity demanded goes from 1000 to 750 which of the following is true?

A. This suggests that this product is a complimentary good.

B. This suggests that this product is a substitute good.

C. This product has a an elastic demand curve.

D. This product has an inelastic demand curve.

E. This product is an inferior good.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91996421

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