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For Estimated Demand for Cement Is
A) Elastic Because E^\hat { E }

Question 14

Multiple Choice

For estimated demand for cement is


A) elastic because E^\hat { E } = -4.0.
B) elastic because E^\hat { E } = -2.0.
C) elastic because E^\hat { E } = -1.5.
D) inelastic because E^\hat { E } = -0.32.
E) inelastic because E^\hat { E } = -0.8.

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