If price elasticity of demand is greater than 1, what would we call demand: elastic or inelastic?

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If price elasticity of demand is greater than 1, what would we call demand:
elastic or inelastic?

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Microeconomics

ISBN: 9781260507140

11th Edition

Authors: David Colander

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Question Posted: Mar 12, 2024 06:02 AM

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If price elasticity of demand is greater than 1, what would we call demand: elastic or inelastic?

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Microeconomics

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