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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 5: Elasticity of Demand and Supply
  5. Question
    If Demand Is Inelastic, the Percentage Change in Price Is
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If Demand Is Inelastic, the Percentage Change in Price Is

Question 211

Question 211

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If demand is inelastic, the percentage change in price is greater than the resulting percentage change in quantity demanded.

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