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sgy_89 sgy_89
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6 years ago
If a seller reduces the price of a product and this leads to an increase in the quantity sold, what can be concluded?
A) Demand is elastic.
B) Demand is inelastic.
C) Demand is of unitary elasticity.
D) Nothing can be concluded about the degree of elasticity.
Textbook 
Introduction to Economic Reasoning

Introduction to Economic Reasoning


Edition: 8th
Author:
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hecosmetichecosmetic
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6 years ago
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sgy_89 Author
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6 years ago
Good timing, thanks!
Marctheshark
wrote...

Yesterday
Thanks
Marcie D
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2 hours ago
Correct Slight Smile TY
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