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Assume That When the Price of Good X Is $12,quantity

Question 69

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Assume that when the price of good X is $12,quantity demanded is 32.When price is decreased to $9,quantity demanded increases to 45.Based on this information,over the range in question demand is elastic.

Assume that when the price of good X is $12,quantity demanded is 32.When price is decreased to $9,quantity demanded increases to 45.Based on this information,over the range in question demand is elastic.

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