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When the Price of a Textbook Is $100, 60 Copies

Question 161

Multiple Choice

When the price of a textbook is $100, 60 copies are demanded; and when the price of that textbook goes up to $120, 30 copies are demanded. In the price range between $100 and $120, the demand for the textbook is


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

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