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If a 10 Percent Change in the Price of a Good

Question 386

Multiple Choice

If a 10 percent change in the price of a good caused a 10 percent change in the quantity demanded of the good, we would say that over this range of prices the good has a(n)


A) elastic demand.
B) inelastic demand.
C) perfectly elastic demand.
D) unit elasticity of demand.

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