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Demand is said to be elastic when: M Select one: O a. the elasticity of demand is greater than-1 b. the elasticity of demand is

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Demand is said to be elastic when: M Select one: O a. the elasticity of demand is greater than-1 b. the elasticity of demand is less than-1. O c the demand curve is relatively flat. Od the percentage change in the amount demanded is smaller than the percentage change in price. B 19

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