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Which of the Following Would Be the Range of Elasticity

Question 15

Multiple Choice

Which of the following would be the range of elasticity for a product with an "inelastic" demand?


A) Which of the following would be the range of elasticity for a product with an inelastic demand? A) < 1 B) = 1 C) > 1 D) > 2 E) none of the above < 1
B) Which of the following would be the range of elasticity for a product with an inelastic demand? A) < 1 B) = 1 C) > 1 D) > 2 E) none of the above = 1
C) Which of the following would be the range of elasticity for a product with an inelastic demand? A) < 1 B) = 1 C) > 1 D) > 2 E) none of the above > 1
D) Which of the following would be the range of elasticity for a product with an inelastic demand? A) < 1 B) = 1 C) > 1 D) > 2 E) none of the above > 2
E) none of the above

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