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    Understanding Modern Economics
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    Exam 4: Consumer Decision Making and Consumer Reaction to Price Changes  
  5. Question
    If Demand Is Unit-Elastic Within a Price Range, a Change
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If Demand Is Unit-Elastic Within a Price Range, a Change

Question 106

Question 106

Short Answer

If demand is unit-elastic within a price range, a change in price will result in _________ _________ in total consumer spending on the good.

Correct Answer:

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