_Suppose the demand for meals at a medium-priced restaurant is elastic – McqOptions

MCQOPTIONS

1.	_Suppose the demand for meals at a medium-priced restaurant is elastic. If the management of the restaurant is considering rasiing prices, it can expect a relatively$?
A.	Large fall in quantity demanded
B.	Large fall in demand
C.	Small fall in quantity demanded
D.	Small fall in demand
Answer» B. Large fall in demand

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