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    Principles of Microeconomics Study Set 11
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    Exam 5: Elasticity
  5. Question
    Demand Is Said to Be _______ When the Quantity Demanded
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Demand Is Said to Be _______ When the Quantity Demanded

Question 4

Question 4

Multiple Choice

Demand is said to be _______ when the quantity demanded changes at the same proportion as the price.


A) elastic
B) unit elastic
C) inelastic
D) independent

Correct Answer:

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