Suppose you observe that minor changes in supply seem to cause dramatic changes in price, you would

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Suppose you observe that minor changes in supply seem to cause dramatic changes in price, you would conclude that

A. Demand is unit elastic.

B. Demand is elastic.

C. Demand is inelastic.

D. Demand is perfectly inelastic.

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Issues in Economics Today

ISBN: 978-1259746390

8th edition

Authors: Robert C. Guell

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Question Posted: Apr 24, 2018 01:31 AM

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Suppose you observe that minor changes in supply seem to cause dramatic changes in price, you would

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C Demand is inelastic Explanation Economists say th...View the full answer

Issues in Economics Today

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