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    Exam 4: Elasticity: A Measure of Responsiveness
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    If the Price Elasticity of Demand for Water Is Inelastic
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If the Price Elasticity of Demand for Water Is Inelastic

Question 173

Question 173

Multiple Choice

If the price elasticity of demand for water is inelastic, which of the following could be a possible value of the elasticity?


A) 2
B) 1
C) 0.5
D) all of the above

Correct Answer:

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