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8 Jul 2019
When the absolute value of the price elasticity of demand is equal to one, demand is _____, less than one demand is _____, greater than one demand is _____.
Select one:
a. perfectly elastic, unit elastic, elastic.
b. elastic, inelastic, unit elastic.
c. unit elastic, inelastic, elastic.
d. cross elastic, unit elastic, point elastic.
When the absolute value of the price elasticity of demand is equal to one, demand is _____, less than one demand is _____, greater than one demand is _____.
Select one:
a. perfectly elastic, unit elastic, elastic.
b. elastic, inelastic, unit elastic.
c. unit elastic, inelastic, elastic.
d. cross elastic, unit elastic, point elastic.
2 Jun 2021
