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Chocolate_Pie Chocolate_Pie
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A year ago
The president of a major nickel-producing company says that an increase in the price of nickel would have no effect on the total amount spent on nickel. If this is true, the price elasticity of demand for nickel is

▸ less than zero.

▸ infinitely elastic.

▸ exactly one.

▸ more than one.

▸ not calculable from the information given.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
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bijin05bijin05
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