If the price elasticity of demand is 1.3, demand is:

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Author Question: If the price elasticity of demand is 1.3, demand is: (Read 23 times)

Bob-Dole

Hero Member
Posts: 547

on: Jul 20, 2019

If the price elasticity of demand is 1.3, demand is:
◦ elastic.
◦ upward sloping.
◦ inelastic.
◦ unitary elastic.

Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8^th Edition

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quynhmickitran

Sr. Member
Posts: 330

Reply #1 on: Jul 20, 2019

elastic.

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