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signment: Midterm 1 e Remaining: 2:16:35 estions 012.05.1 MC-MANK08 Demand is inelastic if the price elasticity of demand is
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Answer #1

Solution -

Option A. Less than 1 is Correct Option

Reason -

we know that

condition of Inelastic = ELASTICITY > 1

Inelastic is a financial term that is referred to as a good value or a steady amount of service when changing the value

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