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Question 2 (10 points) 2. Demand is elastic when a given change in price causes a relatively smaller change in quantity demanded. - O True O False

Question 2 (10 points) 2. Demand is elastic when a given change in price causes a relatively smaller change in quantity demanded. - O True O False
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1 vote
Question 2 (10 points)

2. Demand is elastic when a given change in price causes a relatively smaller change in quantity demanded.
-
O True
O False

User Varlor
by
8.4k points

2 Answers

4 votes
The answer to the question is false
User Dcstraw
by
7.9k points
3 votes

Answer: False

Step-by-step explanation:

User Vazque
by
8.2k points
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