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i. Relatively inelastic demand; ii. Income elasticity of demand; iii. Elasticity co-efficient; iv. Decrease; v. Greater; vi. Relatively steeper; vii. Inferior good; viii. Increase; viiii.

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i. Relatively inelastic demand; ii. Income elasticity of demand; iii. Elasticity co-efficient; iv. Decrease; v. Greater; vi. Relatively steeper; vii. Inferior good; viii. Increase; viiii. Relatively elastic demand; X. Relatively flat; XI. Normal The demand curve exhibits the category of in terms of price elasticity of demand. In order to increase total revenue, the price of the product must The demand curve for this category of price elasticity of demand is g The price change leads to a proportionately change in the quantity demanded in the opposite direction. This category of price elasticity of demand applies to goods

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