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    Managerial Economics and Business Strategy Study Set 1
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    Exam 3: Quantitative Demand Analysis
  5. Question
    The Quantity Consumed of a Good Is Relatively Unresponsive to Changes
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The Quantity Consumed of a Good Is Relatively Unresponsive to Changes

Question 15

Question 15

Multiple Choice

The quantity consumed of a good is relatively unresponsive to changes in price whenever demand is:


A) elastic.
B) unitary.
C) falling.
D) inelastic.

Correct Answer:

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