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Lauren1 Lauren1
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Posts: 4120
10 years ago
If a 20 percent increase in the price of a used car results in a 10 percent decrease in the quantity of used cars demanded, then the demand for used cars is
A) elastic.
B) inelastic.
C) unit elastic.
D) arc elastic.
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MrDerecheMrDereche
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Posts: 4097
10 years ago
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Lauren1 Author
wrote...
10 years ago
Thank you, this really, really helps Heavy Heart
wrote...
10 years ago
You're welcome!
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