Question: If quantity demanded increases by 60% when price decreases by 40%, we can conclude that the good is: Select one: a. inelastic b. elastic

If quantity demanded increases by 60% when price decreases by 40%, we

If quantity demanded increases by 60% when price decreases by 40%, we can conclude that the good is: Select one: a. inelastic b. elastic c. normal d. inferior

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