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Other Fields Homework Help Economics Topic started by: sgy_89 on May 25, 2017



Title: If a seller reduces the price of a product and this leads to an increase in the quantity sold, what ...
Post by: sgy_89 on May 25, 2017
If a seller reduces the price of a product and this leads to an increase in the quantity sold, what can be concluded?
A) Demand is elastic.
B) Demand is inelastic.
C) Demand is of unitary elasticity.
D) Nothing can be concluded about the degree of elasticity.


Title: Re: If a seller reduces the price of a product and this leads to an increase in the quantity sold, ...
Post by: hecosmetic on May 25, 2017
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