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    Understanding Modern Economics
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    Exam 4: Consumer Decision Making and Consumer Reaction to Price Changes  
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    What Must Be True of the Number Calculated for Elasticity
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What Must Be True of the Number Calculated for Elasticity

Question 126

Question 126

Short Answer

What must be true of the number calculated for elasticity in a given range in order for us to consider the demand to be elastic?

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It must be...

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