If the quantity of dental services demanded increases by 10 percent when the price of dental services

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If the quantity of dental services demanded increases by 10 percent when the price of dental services falls by 10 percent, is the demand for dental services inelastic, elastic, or unit elastic?

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Microeconomics

ISBN: 978-0133019940

11th edition

Authors: Michael Parkin

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Question Posted: Dec 15, 2015 06:59 AM

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If the quantity of dental services demanded increases by 10 percent when the price of dental services

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The demand for dental services is unit elastic The price elasticity ...View the full answer

Microeconomics

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