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If the price elasticity is greater than 1 , demand is a. inelastic. b. elastic. c. perfectly elastic. d. unit elastic

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 2SQ

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If the price elasticity is greater than 1 , demand is

inelastic.

elastic.

perfectly elastic.

unit elastic

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