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Consider a product known as Anvars. Its PED has been calculated as -0.8. Which of the following is likely true about this product? Group of

Consider a product known as Anvars. Its PED has been calculated as -0.8. Which of the following is likely true about this product?

Group of answer choices

The demand curve is flat and upward sloping

The demand curve is flat and downward sloping

The demand curve is a vertical line

The demand curve is steep and downward sloping

There is no such thing as supply and demand

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