Question: Questions and Problems 2 Complete the following table by identifying whether the demand for a good is unit elastic, inelastic, elastic, perfectly inelastic, or perfectly

Questions and Problems 2
Complete the following table by identifying whether the demand for a good is unit elastic, inelastic, elastic, perfectly inelastic, or perfectly elastic in each of the following scenarios.
\table[[,Unit Elastic,Inelastic,Elastic,Perfectly Inelastic,Perfectly Elastic],[Price rises by 10%, and quantity demanded falls by 2%.,0,0,0,0,-],[Price falls by 5%, and quantity demanded rises by 4%.,0,0,0,,.],[Price falls by 6%, and quantity demanded does not chang,,0,0,,],[Price rises by 2%, and quantity demanded falls by 4%.,0,0,0,,]]
Questions and Problems 2 Complete the following

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