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    Microeconomics Study Set 34
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    Exam 4: Elasticity
  5. Question
    If the Price Elasticity Is Between 0 and 1, Demand
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If the Price Elasticity Is Between 0 and 1, Demand

Question 44

Question 44

Multiple Choice

If the price elasticity is between 0 and 1, demand is


A) unit elastic.
B) inelastic.
C) elastic.
D) perfectly elastic.

Correct Answer:

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