Multiple Choice
When demand is ____ a percentage change in ____ is exactly offset by the same percentage change in ____ demanded,the net result being a constant total consumer expenditure.
A) elastic; price; quantity
B) unit elastic; price; quantity
C) inelastic; quantity; price
D) inelastic; price; quantity
E) none of the above
Correct Answer:
Verified
Correct Answer:
Verified
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