If a 3% change in price leads to a 5% change in quantity demanded, then demand is:

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If a 3% change in price leads to a 5% change in quantity demanded, then demand is:

If a 3% change in price leads to a 5% change in quantity demanded, then demand is:
A) inelastic
B) elastic
C) unitary elastic
D) perfectly elastic

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Microeconomics

Edition: 2^nd

Author: James

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