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Use the Following Figure to Answer the Question

Question 120

Multiple Choice

Use the following figure to answer the question : Use the following figure to answer the question : -A 4% decline in the price of laser printers causes the quantity demanded to rise by 8%. The demand for laser printers is A) perfectly elastic. B) elastic. C) unit elastic. D) inelastic. E) perfectly inelastic.
-A 4% decline in the price of laser printers causes the quantity demanded to rise by 8%. The demand for laser printers is


A) perfectly elastic.
B) elastic.
C) unit elastic.
D) inelastic.
E) perfectly inelastic.

Correct Answer:

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