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Demand is elastic if (LO1) a) percentage change in quantity is greater than percentage change in price b) percentage change in price is greater than

Demand is elastic if (LO1) a) percentage change in quantity is greater than percentage change in price b) percentage change in price is greater than percentage change in quantity c) percentage change in quantity demand is zero d) percentage change in price is zero e) percentage change in quantity is equal to percentage change in price

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