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    Essentials of Economics Study Set 4
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    Exam 4: Consumer Demand
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    When the Percentage Change in Quantity Demanded Is Numerically Less
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When the Percentage Change in Quantity Demanded Is Numerically Less

Question 59

Question 59

Multiple Choice

When the percentage change in quantity demanded is numerically less than the percentage change in price,ceteris paribus,demand is:


A) Elastic.
B) Inelastic.
C) Unitary elastic.
D) Perfectly elastic.

Correct Answer:

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