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    Economics Principles and Policy Study Set 2
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    Exam 6: Demand and Elasticity
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    The Value of Zero Is Used to Distinguish Between Elastic
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The Value of Zero Is Used to Distinguish Between Elastic

Question 55

Question 55

True/False

The value of zero is used to distinguish between elastic and inelastic price elasticity of demand for a product; so, if the elasticity is greater than zero, it is elastic and if it is less than zero, then it is inelastic.

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