If a 10% increase in price leads to a 5% decrease in the quantity demand, the demand for the good is said to be Blank______.
Multiple choice question.
unit elastic
inelastic
elastic
income elastic
If a 10% increase in price leads to a 5% decrease in the quantity demand, the demand for the good is said to be Blank______.
Multiple choice question.
unit elastic
inelastic
elastic
income elastic
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