Question: Question 6 ( 2 points ) If a good is inelastic, then for a 5 % reduction in price there must be a 5 %

Question 6(2 points)
If a good is inelastic, then for a 5% reduction in price there must be a
5% increase in quantity demanded
more than a 5% increase in quantity demanded
less than a 5% increase in quantity demanded
Unable to determine without more information
Question 6 ( 2 points ) If a good is inelastic,

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