43. In market A, a 4% increase in price reduces the quantity demanded by 2%. In...

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43. In market A, a 4% increase in price reduces the quantity demanded by 2%. In market B, a 3% increase in price reduces the quantity demanded by 4%. The price elasticity of demand in market A and market B is considered_and respectively. O unit elastic; perfectly inelastic O perfectly elastic; unit elastic O elastic; inelastic O inelastic; elastic **.............. *. 43. In market A, a 4% increase in price reduces the quantity demanded by 2%. In market B, a 3% increase in price reduces the quantity demanded by 4%. The price elasticity of demand in market A and market B is considered_and respectively. O unit elastic; perfectly inelastic O perfectly elastic; unit elastic O elastic; inelastic O inelastic; elastic **.............. *.

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As we know PED price elasticity of demand is define... View the full answer