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tsk tsk
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2 years ago
Which of the following illustrates elastic demand?

▸ A 10% increase in price causes a 5% decrease in quantity demanded.

▸ A price elasticity of 0.8

▸ A 10% increase in price causes a 10% reduction in quantity demanded.

▸ A price elasticity of 1.0

▸ A 10% increase in price causes a 20% decrease in quantity demanded.
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Microeconomics

Microeconomics


Edition: 17th
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studytimestudytime
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2 years ago
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tsk Author
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2 years ago
Thanks for your help!!
africa143
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Yesterday
Thanks
Harvinder
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2 hours ago
Smart ... Thanks!
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