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if damand falls by 1 percent when price is incresed by 2 percent then? a) demand is elastic b)demand is inelastic c)buyers are price sensitive

if damand falls by 1 percent when price is incresed by 2 percent then? a) demand is elastic b)demand is inelastic c)buyers are price sensitive d)demand is neither elastic or inelastic e)sellers sho...

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