​The price elasticity of demand for a printer is estimated to be 1 .This means that an increase in price by 10% will

A) ​Increase quantity demanded by 10%
B) Decrease quantity demanded by 10%
C) Increase demand by 10%
D) ​Decrease demand by 10%

Price Elasticity

A measure of how much the quantity demanded of a good responds to a change in the price of that good, indicating the sensitivity of consumers to price changes.

Printer

A device that converts digital documents into physical copies on paper or other printing materials.

Quantity Demanded

The total amount of a good or service that consumers are willing and able to purchase at a given price over a specified period of time.