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    Microeconomics Study Set 2
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    Exam 6: Elasticity: the Responsiveness of Demand and Supply
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    If Demand Is Inelastic, the Absolute Value of the Price
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If Demand Is Inelastic, the Absolute Value of the Price

Question 94

Question 94

True/False

If demand is inelastic, the absolute value of the price elasticity coefficient is greater than one.

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