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When Quantity Moves Proportionately the Same Amount as Price,demand Is

Question 134

Multiple Choice

When quantity moves proportionately the same amount as price,demand is


A) elastic,and the price elasticity of demand is 1.
B) perfectly elastic,and the price elasticity of demand is infinitely large.
C) perfectly inelastic,and the price elasticity of demand is 0.
D) unit elastic,and the price elasticity of demand is 1.

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