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Pricing Mosquito Nets
» Pricing Mosquito Nets - Practice Questions
Pricing Mosquito Nets - Practice Questions
1. When the price of bed nets increases,
*
the quantity demanded of bed nets falls
the quantity demanded of bed nets rises
the quantity demanded of bed nets remains the same
2. Since demand for bed nets is relatively ELASTIC, one would expect a small change in the price of bed nets to have a ______________ impact on their purchase and use.
*
small
large
cannot be determined with the information given