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A product priced at R10 has annual sales of 200 units, When price is reduced to R8, quantity increases to 250 units. Other things unchanged,
A product priced at R10 has annual sales of 200 units, When price is reduced to R8, quantity increases to 250 units. Other things unchanged, the price elasticity of demand for the product is
a. Unitary
b. Elasti
C. Inelastic
d. Zero
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