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    Managerial Economics and Strategy Study Set 2
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    Exam 3: Empirical Methods for Demand Analysis
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    If Demand Is Inelastic
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If Demand Is Inelastic

Question 7

Question 7

Multiple Choice

If demand is inelastic,


A) then it changes very little in response to a price change.
B) then it changes significantly in response to a price change.
C) then demand is zero.
D) then demand is infinite.

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