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An Economic Survey Observed That,a 20 Percent Cut in the Price

Question 103

Multiple Choice

An economic survey observed that,a 20 percent cut in the price of a certain line of women's clothing,almost doubled the quantity demanded of the clothing.This led economists to conclude that the demand for this line of clothing is _____.


A) very elastic
B) very inelastic
C) vertical
D) horizontal
E) inferior

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