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18 (1 point) If the demand for product X is inelastic, a 4 percent increase in the price of X: decreases the quantity demanded of
18 (1 point) If the demand for product X is inelastic, a 4 percent increase in the price of X: decreases the quantity demanded of X by more than 4 percent decreases the quantity demanded of X by less than 4 percent increases the quantity demanded of X by more than 4 percent increases the quantity demanded of X by less than 4 percent does not affect the quantity demanded of X
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