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a. If price increases by 10 percent and quantity demanded decreases by 15 percent, demand is (Click to select) elastic inelastic unit-elastic . b. If

a. If price increases by 10 percent and quantity demanded decreases by 15 percent, demand is

(Click to select)

elastic

inelastic

unit-elastic

b. If price decreases by 10 percent and quantity demanded increases by 5 percent, demand is

(Click to select)

inelastic

elastic

unit-elastic

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