Answer to Question #146849 in Economics for zuku

Question #146849
When unemployment in South Africa increases, motor vehicles sales usually decline. This fact indicates that the __________elasticity of demand for motor vehicles is _________.
1
Expert's answer
2020-11-27T12:27:14-0500

When unemployment in South Africa increases, motor vehicles sales usually decline. This fact indicates that the price elasticity of demand for motor vehicles is elastic.


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