When the demand for a product does not fluctuate when there is a change in price, the good is ________. Question 25 options: a) perfectly inelastic b) perfectly elastic c) unitarian d) elastic Is it A? I also think it could be C... I'm confused.
When the demand for a product does not fluctuate when there is a change in price, the good is ________. Question 25 options: a) perfectly inelastic b) perfectly elastic c) unitarian d) elastic Is it A? I also think it could be C... I'm confused.
Chapter6: Elasticity
Section: Chapter Questions
Problem 1QP
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When the demand for a product does not fluctuate when there is a change in price , the good is ________.
Question 25 options:
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Is it A? I also think it could be C... I'm confused.
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