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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    The Demand for a Good Is Said to Be Elastic
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The Demand for a Good Is Said to Be Elastic

Question 150

Question 150

True/False

The demand for a good is said to be elastic if a small price decrease leads to a substantial increase in the quantity demanded.

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