Question: Suppose a 10% decrease in the price of ice cream leads to a 15% increase in the quantity demanded of ice cream. What type of

Suppose a 10% decrease in the price of ice cream leads to a 15% increase in the quantity demanded of ice cream. What type of elasticity does this show?

(A) Perfectly elastic

(B) Relatively elastic

(D) Relatively inelastic

(E) Perfectly inelastic

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