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meikunn2565 meikunn2565
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3 years ago
The price elasticity of demand for bottled water in Yorkshire is -2, while the price elasticity of demand for bottled water in London is -0.8. In other words, demand in Yorkshire is ________ and demand in London is ________.

▸ elastic, unitarily elastic

▸ elastic, inelastic

▸ inelastic, elastic

▸ highly inelastic, slightly inelastic
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Essential Economics for Business

Essential Economics for Business


Edition: 5th
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jzhu11jzhu11
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