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Elastic Demand and Inelastic Demand

3

22 questions

  • 1. Open Ended
    30 seconds
    1 pt
    Elastic Demand
  • 2. Open Ended
    30 seconds
    1 pt
    What is the elasticity of demand if change in quantity is 20% and the change in price is negative 10%?
  • 3. Open Ended
    30 seconds
    1 pt
    Elastic Demand in terms of slope
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    Answer choices
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