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a. 1.67 and elastic b. 0.40 and inelastic c. 150 and elastic d . 2.67 and elastic 34- If the quantity of dental services demanded increases by 12.1 percent when the price of dental services falls by 12.1 percent, the demand for dental services is __ a. Inelastic b) unit elastic c) Elastic d) none of the above a. Inelastic nrice cut for good A and its price elasticity of demand is calculated as 1.12, then the total __
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34- If the quantity of dental services demanded increases by 12.1 percent when the price of dental services falls by 12.1 percent, the demand for dental services is:b) unit elasticExplanation: When the percentage change in quantity demanded is equal to the percentage change in price, the demand is considered unit elastic. In this case, both the price and quantity demanded change by the same percentage (12.1%), indicating unit elasticity.