Question: Question 5 1 pts If a 1 percent decrease in price results in a 0.5 percent increase in the quantity demanded, demand is cross-price elastic.

Question 5 1 pts If a 1 percent decrease in price

Question 5 1 pts If a 1 percent decrease in price results in a 0.5 percent increase in the quantity demanded, demand is cross-price elastic. price inelastic. O price elastic. status quo elastic. derived demand inelastic

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