Which of the following is NOT associated with inelastic demand? Select one: a). percentage change in quantity
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Question:
Which of the following is NOT associated with inelastic demand? Select one:
a). percentage change in quantity is greater than percentage change in price
b). percentage change in quantity is less than percentage change in price
c). necessities
d). price elasticity of demand is less than one
Related Book For
Auditing and Assurance Services
ISBN: 978-0077862343
6th edition
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
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