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If the price of oil increases by 50% but consumption decreases by 25%, then the demand for oil is elastic. False True
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22 votes
22 votes
If the price of oil increases by 50% but consumption decreases by 25%, then the demand for oil is elastic.

False

True

User Dsmtoday
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1 Answer

14 votes
14 votes
False is the right answe choose it
User Durrrutti
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