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meganA meganA
wrote...
Posts: 448
5 years ago

Question 1.

When the absolute price elasticity of demand equals 2.5, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.

Question 2.

When the absolute price elasticity of demand equals 0.9, demand is

• elastic.

• unit-elastic.

• inelastic.

• undetermined without more information.
Textbook 
Economics Today: The Micro View

Economics Today: The Micro View


Edition: 19th
Author:
Read 48 times
3 Replies

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Replies
wrote...
5 years ago

Answer 1

elastic.

Answer 2

inelastic.
meganA Author
wrote...
5 years ago
TY
wrote...
5 years ago
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