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kortni916 kortni916
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3 years ago
If the absolute price elasticity of demand for automobiles is equal to 1.25, we say
A) that demand is elastic.
B) that demand is inelastic.
C) that there is a strong responsiveness of quantity demanded to automobiles price cuts.
D) none of the above is correct.
Textbook 

Economics Today: The Micro View


Edition: 19th
Author:
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jbag1237jbag1237
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3 years ago
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