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18 Apr 2018
5) Which one of the following illustrates an inelastic demand? A) A 10 percent rise in price leads to a 5 percent decrease in quantity demanded. B) A 10 percent rise in price leads to a 20 percent decrease in quantity demanded. C) A price elasticity of demand equal to infinity, D) A price elasticity of demand equal to 1.0. E) A price elasticity of demand equal to 2.0.
5) Which one of the following illustrates an inelastic demand? A) A 10 percent rise in price leads to a 5 percent decrease in quantity demanded. B) A 10 percent rise in price leads to a 20 percent decrease in quantity demanded. C) A price elasticity of demand equal to infinity, D) A price elasticity of demand equal to 1.0. E) A price elasticity of demand equal to 2.0.
larryrambo777Lv10
12 Mar 2023
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Collen VonLv2
20 Apr 2018
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