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Author Question: If the price elasticity of demand for a good is less than one in absolute value, economists ... (Read 138 times)

nevelica

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on: Mar 14, 2021

Question 1

If the price elasticity of demand for a good is greater than one in absolute value, economists characterize that demand is
◦ elastic.
◦ inelastic.
◦ perfect.
◦ vertical.

Question 2

If the price elasticity of demand for a good is less than one in absolute value, economists characterize that demand is
◦ elastic.
◦ inelastic.
◦ perfect.
◦ vertical.
Managerial Economics and Strategy ¦ Perloff, Brander ¦ 3rd Edition
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Marked as best answer by nevelica on Mar 14, 2021

mfedorka

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Reply #1 on: Mar 14, 2021
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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nevelica

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Reply 2 on: Mar 14, 2021
YES! Correct, THANKS for helping me on my review

strudel15

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Reply 3 on: Yesterday
Wow, this really help

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