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Author Question: The price of cough medicine increases by 5% and quantity demanded remains unchanged. The demand for ... (Read 568 times)

mrsjacobs44

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on: May 25, 2020

Question 1

The price of apples falls by 5% and quantity demanded increases by 6%. This means that the demand for apples is
◦ inelastic.
◦ perfectly elastic.
◦ perfectly inelastic.
◦ elastic.

Question 2

The price of cough medicine increases by 5% and quantity demanded remains unchanged. The demand for cough medicine is
◦ perfectly elastic.
◦ unitarily elastic.
◦ income elastic.
◦ perfectly inelastic.
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by mrsjacobs44 on May 25, 2020

lgoldst9

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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123098

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Reply #2 on: Jun 6, 2021
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Reply #3 on: Jun 6, 2021
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