Business, 09.11.2020 17:00 babydolltia28

If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is: a. greater for the car.
b. less for the car.
c. the same for both the car and the vacation rental.
d. not comparable.

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