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Title: If the absolute price elasticity of demand for a product is greater than 1, then Post by: anhsu on Mar 3, 2019 Question 1. Moving up a straight-line demand curve, the absolute price elasticity of demand• varies in uncertain ways. • increases. • remains constant. • decreases. Question 2. If the absolute price elasticity of demand for a product is greater than 1, then• the absolute price elasticity of demand is inelastic and consumers are relatively sensitive to price changes. • the absolute price elasticity of demand is elastic and consumers are relatively insensitive to price changes. • the absolute price elasticity of demand is inelastic and consumers are relatively insensitive to price changes. • the absolute price elasticity of demand is elastic and consumers are relatively sensitive to price changes. Title: If the absolute price elasticity of demand for a product is greater than 1, then Post by: Matt. DeSouza on Mar 3, 2019 Content hidden
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