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26 Sep 2022
When demand is relatively price inelastic, in absolute terms it means that the price elasticity of demand is:
(A) equal to 1.
(B) greater than 1.
(C) less than 1.
(D) less than 0.
When demand is relatively price inelastic, in absolute terms it means that the price elasticity of demand is:
(A) equal to 1.
(B) greater than 1.
(C) less than 1.
(D) less than 0.
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