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Home Q & A Board Other Fields Homework Help Business Economics
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Loraine Loraine
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9 years ago
If a 10 percent price increase generates a 20 percent decrease in quantity demanded, then demand is
A) elastic.
B) perfectly inelastic.
C) perfectly elastic.
D) inelastic.
E) unit elastic.
Textbook 
Essential Foundations of Economics

Essential Foundations of Economics


Edition: 7th
Authors:
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Start by doing what's necessary; then do what's possible; and suddenly you are doing the impossible.
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Chimelo46Chimelo46
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8 years ago
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8 years ago
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