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    Microeconomics Study Set 40
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    Exam 6: Elasticity
  5. Question
    If the Price Elasticity of Demand Is Calculated to Be
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If the Price Elasticity of Demand Is Calculated to Be

Question 4

Question 4

Essay

If the price elasticity of demand is calculated to be 3/4, then demand is:
A.-inelastic.
B.price-elastic.
C.price unit-elastic.
D.positively sloped.

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