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7. Imagine that you find a rare case where the elasticity of a demand curve equals = I. What exactly does this mean? A) It

7. Imagine that you find a rare case where the elasticity of a demand curve equals = I. What exactly does this mean? A) It means that you have found something that is perfectly inelastic. B) It means that you have found something that is perfectly elastic. C) It means that if you raise the price by 20 percent, then you will get 20 percent less quantity demanded and Viceversa. D) None of the above responses are correct

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