___ refers to the demand when the proportionate change produced in demand is greater than the proportionate change in the price of a product.

a) Elastic demand.
b) Inelastic demand.
c) Perfectly elastic demand.
d) Perfectly inelastic demand.
e) None of these.

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___ refers to the demand when the proportionate change produced in demand is greater than the proportionate change in the price of a product. 
 
a) Elastic demand.
b) Inelastic demand.
c) Perfectly elastic demand.
d) Perfectly inelastic demand.
e) None of these.

___ refers to the demand when the proportionate change produced in demand is greater than the proportionate change in the price of a product.

a) Elastic demand.

b) Inelastic demand.

c) Perfectly elastic demand.

d) Perfectly inelastic demand.

e) None of these.

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___ refers to the demand when the proportionate change produced in demand is greater than the proportionate change in the price of a product. a) Elastic demand. b) Inelastic demand. c) Perfectly elastic demand. d) Perfectly inelastic demand. e) None of these.