If the absolute value of elasticity of demand for chocolate is 0.64 then the demand for chocolate is considered: a. elastic b. inelastic c. unit elastic d. yummy elastic

Micro Economics For Today
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ISBN:9781337613064
Author:Tucker, Irvin B.
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Chapter5: Price Elasticity Of Demand And Supply
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If the absolute value of elasticity of demand for chocolate is 0.64 then the demand for chocolate is considered:
a. elastic
b. inelastic
c. unit elastic
d. yummy elastic
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